Preload swf with linked assets

What I am trying to do seems simple enough, however, I think I am missing something I have tried 3 different ways of loading this 168k swf with linkage properties active on the movie clips within the library.

The checked boxes are:
Export for Actionscript
Export in First Frame

Even with Export in First Frame unchecked it still fails to preload.

I want to note that the move does work, I just want this movie to be preloaded.

1)
level0 timeline frame 1:
[code]
stop();
loadMovieNum("lib.swf", 1)
[/code]

level1 timeline:
frame 2:
[code]
trace('loading');
[/code]

frame 5
[code]
if (this.getBytesTotal() == this.getBytesLoaded() )
{
      _level0.play()
      this.gotoAndStop(6);
}else
{
      this.gotoAndPlay(1)
}
[/code]

so testing at the 56k modem speed, I should be seeing 'loading' come up in th e output window a few times when doing a publish preview, but I don't.  'loading' is traced to the output window AFTER lib.swf is fully loaded.

2)
level0 timeline frame 1:
[code]
var listener:Object = new Object();

listener.onLoadInit = function()
{
        trace('Initialized');
}

listener.onLoadProgress = function()
{
      trace('loading');
}

this.createEmptyMovieClip("images", this.getNextHighestDepth());
var tmpLoader:MovieClipLoader = new MovieClipLoader();
tmpLoader.addListener(listener);
tmpLoader.loadClip("lib.swf","images");
[/code]

In the above case, 'Initialized' is traced to the output window AFTER lib.swf is fully loaded.

I also get the same response with sample #2 if I don't create an empty movieClip to load lib.swf into and just use level1 instead.

I have also tried this with the same results, namely once lib.swf is fully loaded THEN the trace actions run.
3)
[code]
this.createEmptyMovieClip("LibraryLoader", 1);
var mc = LibraryLoader.createEmptyMovieClip("loader", 1);
mc._alpha = 0;
mc.loadMovie("sharedLibrary.swf");
LibraryLoader.onEnterFrame = function()
{
     var car = this.loader.getBytesLoaded();
     var tot = this.loader.getBytesTotal();
     var perc = Math.round((car / tot) * 100);
     if(car == tot && car > 4){
          this.removeMovieClip();
          // shared library loaded
     }
   trace(perc)      
};
[/code]

I am using Flash MX 2004, Flash Player 7, Actionscript 2.0.

Any thoughts / suggestions / comments?

Thanks!
Adam