Thanks for the responses, no I wasn't under any illusion that WP would magically render anything.
Here's the code I has used to embed the flash ind=to the page:
<!-- this is the beginning of the flash div -->
AC_FL_RunContent( 'codebase','http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,28,0','width','440','height','300','src','../wp-content/uploads/2008/index_flash','quality','high','pluginspage','http://www.adobe.com/shockwave/download/download.cgi?P1_Prod_Version=ShockwaveFlash','movie','../wp-content/uploads/2008/index_flash' ); //end AC code
</script><noscript><object classid="clsid:D27CDB6E-AE6D-11cf-96B8-444553540000" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,28,0" width="440" height="300">
<param name="movie" value="../wp-content/uploads/2008/index_flash.swf" />
<param name="quality" value="high" />
<embed src="../wp-content/uploads/2008/index_flash.swf" quality="high" pluginspage="http://www.adobe.com/shockwave/download/download.cgi?P1_Prod_Version=ShockwaveFlash" type="application/x-shockwave-flash" width="440" height="300"></embed>
<p>Please click on the name of the work above to view it in more detail.</p>
<!-- this is the end of the flash div -->
Any help would be appreciated, I have got Flash working on other pages of the site it's just this index page! And I wasn't sure whether Flash had to be embedded differently as this is a template that is being specified as the index page, therefore pulling data from a different location? Sorry my knowledge of WordPress isn't that strong, hence the cry for help.