It is possible to insert a swf in a powerpoint slide using Adobe presenter 9.
Once you have installed presenter 9. Please follow the steps.
1. Open your presentation.
2. Go to Adobe presenter tab>>insert>>Swf .
A insert swf dialog will open. using this dialog, you can insert a swf on slide or on sidebar.
I hope this will help you to achieve what you intended to.
Let me know if you need more help.
Adobe presenter Engg Team.
Can I download trial version of Presenter to check the same steps as you told? Also please suggest which version of Presenter would work with Office 2007?
You can download adobe Presenter 9 trial version form this link .
Adobe presenter 9 is latest version and works well with office 2007 and has a lots of feature.
Please try . I hope it will be a good experience.
Adobe Presenter Engg team.