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<div id="layer1" style="width: 600px; height: 500px; position:absolute; left:0px; top:0px; z-index:1 "><a href="http://www.google.com">google</a></div>
<div id="layer2" style="width: 600px; height: 500px; position:absolute; left:0px; top:0px; z-index:2 "></div>
If not, please post back and we'll see how else we can help. :)
There are a few good CSS/XHTML compliant dropdown menus about which IMO would be a better option. Flash was never really meant to be used this way, the wmode=transparant takes a lot of processing power to render and massively slows down a pages loading. Again using DHTML layer stacking seems largely deprecated if CSS/XHTML is used correctly.
My advice (although probably not what you want to hear) is drop the flash menus for some CSS based ones and loose the div stacking.