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\documentclass{beamer}
\usetheme{Warsaw}
\setbeamercovered{transparent}

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\usepackage{graphicx}
\usepackage[english]{babel}
\usepackage[latin1]{inputenc}
\usepackage{times}
\usepackage[T1]{fontenc}
\usepackage{multimedia}
\usepackage{hyperref}

\usefonttheme[onlymath]{serif}

\begin{document}

\begin{frame}{\small Non-embedded video and picture of first frame}
  \begin{center}
    \movie[height = 0.6 \textwidth,
           width  = 0.8 \textwidth,
           externalviewer]
          {}
          {LMF_test.avi}
  \end{center}
\end{frame}

\begin{frame}{\small Embedded video with autostart, looping, and picture of first frame}
  \begin{center}
    \movie[height = 0.6 \textwidth,
           width  = 0.8 \textwidth,
           autostart,
           loop]
          {}
          {LMF_test.avi}
  \end{center}
\end{frame}

\begin{frame}{\small Embedded video with no autostart, no looping, and no picture of first frame}
  \begin{center}
    \movie[height = 0.6 \textwidth,
           width  = 0.8 \textwidth]
          {}{LMF_test.avi}
  \end{center}
\end{frame}



\end{document}