http://blog.flexexamples.com/2007/09/10/changing-the-cursor-in-a-flex-application-using-the-cursormanager-class/

<?xml version="1.0" encoding="utf-8"?><!-- http://blog.flexexamples.com/2007/09/10/changing-the-cursor-in-a-flex-application-using-the-cursormanager-class/ --><mx:Application xmlns:mx="http://www.adobe.com/2006/mxml"        layout="vertical"        verticalAlign="middle"        backgroundColor="white">

    <mx:Script>        <![CDATA[            import mx.managers.CursorManager;

            [Bindable]            [Embed(source="assets/bug.png")]            private var BugIcon:Class;

            [Bindable]            [Embed(source="assets/bug_delete.png")]            private var BugDeleteIcon:Class;

            private var cursorID:int;        ]]>    </mx:Script>

    <mx:ApplicationControlBar dock="true">        <mx:Button label="setBusyCursor()"                click="CursorManager.setBusyCursor();" />        <mx:Button label="removeBusyCursor()"                click="CursorManager.removeBusyCursor();" />    </mx:ApplicationControlBar>

    <mx:Button label="setCursor()"            width="100"            height="100"            rollOver="cursorID = CursorManager.setCursor(BugIcon);"            rollOut="CursorManager.removeCursor(cursorID);" />

</mx:Application>