<A target="_blank" HREF=ftp://ftp.eunet.cz/simtelnet/win95/graffile/gif2swf.zip>GIF2SWF v1.0.2</A> appears to be the last <img src=/S/free.gif border=0 alt=free width=30 height=15>ware version of this program, now shareware at GIF2SWF.

"This application lets you convert your animated or static GIF files to SWF (shockwave format).
This allows you to optimize filesize while mantaining image quality (for use in Banners, Icons, Intros, etc.)"

Handy for the toolbox, at only 48KB.