User drawing multiple ellipses

[flashpipe1]

Alright...I've got a program that needs to let the user draw ellipse a on the stage and I need to track the positions so I can re-draw them when they come back. I've got that mostly working, except, I need to let them draw up to 5 ellipses and be able to delete ones that they have already drawn so they can draw new ones.

I'm having difficulty managing the children, object numbering/naming, etc.

Here's the code that's working as far as drawing the ellipse:

import flash.display.Sprite;
import flash.events.*;
import flash.ui.Mouse;
import flash.net.URLRequest;

stage.addEventListener(MouseEvent.MOUSE_MOVE, cursorFollow);

var drawCircleOn:Boolean = false;
var initX:Number;
var initY:Number;
var circleNum:Number = 0;

function cursorFollow(evt:MouseEvent):void
{
    if (drawCircleOn)
    {
        circle.graphics.clear();
        circle.graphics.lineStyle(2, 0x000000);
        circle.graphics.beginFill(0xFFF500,.3);
        circle.graphics.drawEllipse(initX, initY, mouseX-initX, mouseY-initY);
        circle.graphics.endFill();
        addChild(circle);
    }
    evt.updateAfterEvent();
}

stage.addEventListener(MouseEvent.MOUSE_DOWN, setCircle);
stage.addEventListener(MouseEvent.MOUSE_UP, releaseCircle);

function setCircle(evt:MouseEvent):void
{
    drawCircleOn = true;
    initX = mouseX;
    initY = mouseY;
}
function releaseCircle(evt:MouseEvent):void
{
    drawCircleOn = false;
    trace("ell "+initX+" , "+initY+" , "+(mouseX-initX)+" , "+(mouseY-initY));
}

var circle:Sprite = new Sprite();

I tried doing something like:

for(var i:int=1;i<=5;i++){
        var circle:Sprite = new Sprite();
    circle.name = "circle" + i;
}

and then using a variable in the cursorFollow function, but that didn't let me create multiple circles...

TIA!