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var interval1 = setInterval(function() {
	clearInterval(interval1); // stop repeating this function
	
  //function here
	
},1500);

    var timer:Timer = new Timer(1000, 2);
        timer.addEventListener(TimerEvent.TIMER, blah);
        timer.start();
     
    function blah(e:TimerEvent):void{
         trace("Times Fired: " + e.currentTarget.currentCount);
         trace("Time Delayed: " + e.currentTarget.delay);
    }