Hi Willie,
Take a look at Adobe.com or the Flash fora, there is a SCORM PI for flas which you could use, it might be easier to put something together in flash itself.
I'm not sure the movie holder would work, something more akin to an iframe would be what you need.
One thought is that if you have the flash asset why not use AIR?? You could make a desktop and server delivered varient, the flash API would just be another asset and called by the flash componet so should still run OK