Step 1
First of all, find any object or picture on which you like to apply this effect. For this example, I have used some picture, and you can, if you like it, save it to make this lesson more quickly.

Step 2
Create a new flash document. Choose File > Import > Import to Stage (shortcut key:Ctrl+R) and import this picture into a flash stage. While the picture is still selected, go to the Align Panel (Ctrl+K) and do the following:
1. Make sure that the Align/Distribute to Stage button is turned on,
2. Click on the Align horizontal center button and
3. Click the Align vertical center button.

Step 3
Create a new layer above the layer picture and name it mask.
Step 4
After that, using the Rectangle Tool (R) and Oval Tool (O) draw a shapes which will represent our mask. See the picture below.

Step 5
Select mask area layer and convert it to a mask by right-clicking on the mask area layer and selecting Mask. See the picture below.

Now, you have this:

and the finally result is:

Have a nice day!
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