controlling video component in flash 8

I am working on a video player using the flash 8 Video component. Is there a way to control the playback position of it? I have a progress bar for loading the video, and another bar that shows the progress, but I can't find info on using actionscript to control the playback position. I just want to add that little icon that follows the playback position (easy enough because I understand how to get that position) and have that be draggable so that when it is moved, the video goes to that playback position.

here is an example with what I have working so far:

http://www.thekenreport.com/

I just can't find how to tell the video to go a playback spot. It is a progressive downloading flv, not streaming.