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50 megs is mammoth for a .swf that you expect the average Joe to be able to run over the internet.
It's most likely that you're not retaining vectors as much as you think you are, and you're rasterizing much of your content. The best way to create a true .swf would be with Flash Professional if that's an option for you.
SWFs exported from AE produce embeded JPG sequences for rasterized data, hence the size. you can choose to ignore unsupported features or render to an FLV file to get more acceptable file sizes.
Thanks for your reply. Ive exported to flv and now its 872k !! - many thanks
Thanks for your reply, ive exported to flv and its only 872k now!! lots different!!