Start the Flash program. Click "New" from the File menu on the main Flash menu bar. Click the file type "Flash File(ActionScript 3.0)" from the New Document dialog box that appears. Click the "OK" button to close this dialog box.
Click the "Classic" option from the Workspace menu located within the Window menu on the main Flash menu to display the drawing tool bar alongside the Flash stage and project interface.
Press and release the "o" key on your keyboard to enable the oval tool. Position your mouse cursor over the Flash stage. Press and hold the shift"key on your keyboard to use the oval's tool circle feature. Press down the left mouse button (while still holding down the shift key), and drag your mouse to draw a circle on the stage. Release your left mouse button when the circle has a diameter of about 1 inch.
Press and release the "v" key on your keyboard to select the selection tool. Position your mouse cursor outside of the boundaries of the circle. Press down and hold the left mouse button and drag a selection box around the circle. Release the left mouse button to complete the selection.
Click the "Motion Preset" option from the Window menu on the main Flash menu bar. Click the "Default Presets" option. Click each of the presets within the default directory of motion presets to preview the animation effect that the software will create when you apply a specific preset to your selected graphic.
Click the "bounce-smoosh" option and then the "Apply" button to apply a motion preset that will bounce the graphic and compress the object when it hits the bottom of the stage. Press the "OK" button in the dialog box that appears to convert the object to a movie clip, which is a Flash object that can have animations applied to it.
Click the "TestMovie" option in the Control menu on the main Flash menu bar to play the movie and watch the circle you created bounce up and down repeatedly on the stage and compress when it reaches the bottom of the stage.