ActionScript 3.0 :: Check If Mouse Is Over Instance?

if there is a way to check if the mouse is over an instance of an mc?

something like:

Code:
if (myMC.MOUSE_OVER == true) {
//do somthing;
} else {
//do something else;
}

Unfortunately standard MOUSE_OVER and MOUSE_OUT event listeners won't do in this case. I have 2 mc's next to each other. I have a MOUSE_OUT function for mc 1, but I only want it to execute if the mouse does not roll over mc2 which is situated directly next to it.