import mx.managers.CursorManager;
import mx.managers.CursorManagerPriority;
import flash.events.*;
private var cursorID:Number = 0;
private function initImage(event:MouseEvent):void {
cursorID=CursorManager.setCursor(StyleManager.getStyleDeclaration("CursorManager").getStyle("busyCursor"),CursorManagerPriority.HIGH);
image1.load("logo.JPG");
}
private function loadComplete(event:Event):void {
CursorManager.removeCursor(cursorID);
}