First, I am using Flash CS6 with Actionscript 3 installed locally on a Windows 7 desktop machine

I am working on a small project that uses a clock face and I need to be able to rotate the clock hand around the clock face. I have started with a basic drag & drop structure and what I want to do is anchor / fix the clock hand at the center of the clock face and be able to drag & drop the hand radialy around the clock face.

Can any one point me in the right direction on how to approach this?