Will the FLVPlayback component play MP3's without FMS?

Question

Will the FLVPlayback Component (version 2.5.0.15) play an MP3 file without it having to be streamed through a Flash Media Server? All I'm looking for is to place a player into my Flash that plays an MP3 file that's in the same directory as the SWF.
Here's my code... it's pretty simple:
import fl.video.FLVPlayback;
var myMusic:FLVPlayback = new FLVPlayback();
myMusic.source = "mySong.mp3";
myMusic.skin = "SkinOverPlayMute.swf";
myMusic.skinBackgroundColor = 0xCCCCCC;
addChild(myMusic);

Answer 1

So the answer is no, correct?  FLVPlayback will not handle MP3 files?
My new script, in case anyone is interested:
import flash.media.Sound;
import flash.net.URLRequest;
var songTitle:String = "Shake Your Rump"
var fileName:String = "shakeYourRump.mp3"
var myMusic:Sound = new Sound(new URLRequest(fileName));
var soundChannel:SoundChannel;
var isPlaying:Boolean = false;
var currentPosition:Number = 0;
btn_Rewind.addEventListener(MouseEvent.CLICK,rewindMusic);
btn_Play.addEventListener(MouseEvent.CLICK,playMusic);
btn_Pause.addEventListener(MouseEvent.CLICK,pauseMusic);
txt_Status.text = 'Click play to hear "' + songTitle + '"';
function rewindMusic(myEvent:Event): void {
currentPosition = 0;
txt_Status.text = 'Rewinding "' + songTitle + '"  Click play to restart.';
if (isPlaying) {
soundChannel.stop();
soundChannel = myMusic.play(currentPosition);
txt_Status.text = 'Playing "' + songTitle + '"';
function playMusic(myEvent:Event): void {
if (!isPlaying) {
soundChannel = myMusic.play(currentPosition);
isPlaying = true;
txt_Status.text = 'Playing "' + songTitle + '"';
function pauseMusic(myEvent:Event):void {
if (isPlaying) {
currentPosition = soundChannel.position;
soundChannel.stop();
isPlaying = false;
txt_Status.text = '"' + songTitle + '" is paused. Click play to resume.';
stop();