Classic Animation Exercise: The Obligatory 'Bouncing Ball'

Having spent much of my time in Maya as of late, it felt a bit nostalgic going back to flash (for something besides web), and as an added bonus I'm working in flash 8 instead of CS4 or CS5. Obviously I'm missing some of the fancier tools seen in the new versions but I've been assured that the animation quality is somehow better in flash 8 (although I've yet to see this for myself).