вот ваш код на as2.0 
 Код
 
 stop();  
 var mSpeed=5; 
 player.onEnterFrame=function() { 
 if (Key.isDown(Key.LEFT)) this._x -= mSpeed;  
 if (Key.isDown(Key.RIGHT)) this._x += mSpeed;  
 if (Key.isDown(Key.UP)) this._y -= mSpeed;  
 if (Key.isDown(Key.DOWN)) this._y += mSpeed;  
 } 
 
  
 и код на AS 3.0 
 Код
import flash.display.MovieClip; 
 import flash.events.KeyboardEvent; 
 import flash.ui.Keyboard; 
 stage.addEventListener(KeyboardEvent.KEY_UP, f); 
 function f(e:KeyboardEvent):void {trace(test); 
 switch(e.keyCode) { 
 case Keyboard.RIGHT: 
 test.x += 10; 
 break; 
 case Keyboard.DOWN: 
 test.y += 10; 
 break; 
 case Keyboard.LEFT: 
 test.x -= 10; 
 break; 
 case Keyboard.UP: 
 test.y -= 10; 
 break; 
 } 
 }
  
 если правильно перемещаем клип test