Make entire movie clip have a pulsate/blink effect when stopped?

Hi everyone,

Is there anyway to dynamically make a movieclip blink or pulsate by chaning the alpha values when it's stopped? Basically, the movieclip just has a shape inside of it... what I want to do make it have a blinking effect through actionscript...

any suggestions?
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interval functions - in AS2 it would go something like this:
var blinkInt:Number;
blinkInt = setInterval(blinkMovie, 1000);
function blinkMovie():Void {
    myMovie._alpha = (myMovie._alpha > 0) ? 0 : 100;

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