Are you editing the flash and trying to put in the link or just using a standard image link on the web page? Files must maintain the proper relationship between each other to not break links.
You can change the "p" tags to div tags and style as needed. Absolute and Relative Paths: http://webdesign.about.com/od/beginn.../aa040502a.htm
<p><a href="http://ruff-***.dyndns.org:8080/" title="Mouseover Description"><img style="width: XXpx; height: YYpx; border: 0;" src="images/camlive.jpg" alt="Text Description"></a></p>