Попробуй так (тестил на IE7, FF2, Opera9): <div style="position: relative; width: 200px; height: 200px; "> <object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="200" height="200" id="klip1" align="middle"> <param name="movie" value="klip1.swf" /> <param name="quality" value="high" /> <param name="wmode" value="opaque" /> <embed src="klip1.swf" wmode="opaque" quality="high" width="200" height="200" name="klip1" align="middle" allowScriptAccess="sameDomain" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer" /> </object> <a href="http://meta.ua/" style="position: absolute; left: 0; top: 0; display: block; background: red; width: 200px; height: 200px; "></a> </div> Ключевые моменты: <param name="wmode" value="opaque" /> и <embed ... wmode="opaque" ... /> Для наглядности сделал background: red