If not, are there similar products that do?

Thanks in advance for any suggestions.

FlashEff is not compatible with AS2, however we do have a quite similar product named MCTE, there is a free trial version here: [www.jumpeyecomponents.com]
I strongly suggest getting FlashEff, it is one of the best component that jumpeyecomponent has to offer and going from as2 to as3 is not such a big step.

Thanks. FlashEff is amazing - it definately made me think more about moving to AS3. Thanks for the link to for the AS2 version. I'll check it out right now.