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Setting up SourceSafe to version control your flash projects is very easy. Select Create Project … from the file menu and specify a Project name and comments.

This is the setup to do in Visual SourceSafe.
2.1 Setting up your Flash Project

Create a Flash Project by saving it in the Folder name as given in SourceSafe, which will help to understand better.
2.2 Setting up Site:
Go for Version Control and select Edit Sites

Select New… on Edit Sites Dialog and fill in the details. Select SourceSafe Database on Connection drop down menu


Select on the settings button will pops up a Open SourceSafe Database Dialog.
Database Path : Select the Visual SourceSafe Database
(i.e.) C:Program FilesMicrosoft Visual StudioCommonVSSsrcsafe.ini
Project : Specify the Project name given in the Visual SourceSafe
(i.e) $/FlashProject
Username: Enter a Visual SourceSafe username
Password: Enter a Visual SourceSafe Password

To version control your project to the current site, Go to Projects icon and select Settings.
Now your project is ready for versioning

As soon setting up the flash project, Place the source files into the Flashproject Folder with the proper folder hierarchy if any. After copying to the Project folder, Add all files to the Flash Project.

As soon the projects are added, Right click on the file and select Check In. Once the files are Check In, the source files are added to the Visual SourceSafe.

The Check In files shows with the lock mark and the Check Out files shows tick mark

Once the Files are Check In, Source files are protected and it’s listed on the Visual SourceSafe and it starts with version 1.

To work on your source files, Check Out on the files and can proceed for modification. The Visual SourceSafe will maintain a separate version for each Check In. To find out the different versioning on Visual SourceSafe, right click on the file and select Show History… will list all the different version of the source files
Conclusion:
As I said earlier, it's just a small introduction for versioning your Flash project. Familiarizing on using Visual SourceSafe for your flash project will greatly help you have control on your project. Have a nice day.