the arguments are:
DropShadowFilter([distance:Number], [angle:Number], [color:Number], [alpha:Number], [blurX:Number], [blurY:Number], [strength:Number], [quality:Number], [inner:Boolean], [knockout:Boolean], [hideObject:Boolean])
for example - where Mc is the movieclip:
Mc.filters = [new DropShadowFilter(0, 5, 0x000000, 1, 10, 10, 0.5, 3)]; //and then to get rid of it again - Mc.filters = undefined;