ActionScript 3.0 :: Creating Video Object - How To Add CuePoints

My question deals with adding a cuepoint in actionscript 3 using code. In flash 8, I made use of the FLVplayback component which included a method addASCuePoint(). In Actionscript 3, I am now using the standard method of creating a video object, except i can't figure out how to use actionscript to add a cuepoint. In the AS3 LiveDocs entry for NetStream , it list only event and navigation as cuepoint types. Previously there was a third type of cuepoint: actionscript.

Code:
public function LoadVideo(){
var nc:NetConnection = new NetConnection();
nc.connect(null);
var ns:NetStream = new NetStream(nc);
var vid:Video = new Video(320, 240);
[Code] .....

I am guessing one option is to create an onEnterFrame function that compares the NetStream.time to each value in my cuepoint array, and then do a addEventListener(EventType.ENTER_FRAME, onEnterFrame); Although this might work it requires my application to loop through my cuepoint array every single frame, which isn't really efficient.