Problem loading images into swf

Hello,
I am in desperate need of help. I am using Flash CS3 and Actionscript 2.0.
I want to make a photo.jpg that is in my images folder load into a swf that is in a swf folder. It works fine when I have the photo.jpg in the same folder as the swf. But it does not work when I have the photo.jpg in a different folder.

What must I do to the AS2 to make this happen?
I really do apprecaite an anwer to resolve this issue.

Here is the path:

Actionscript Code:

mcLoader.loadClip("swf/images/photo1.jpg",mcHolder);