Actionscript3 doesn't support overloaded constructor, but I am not sure if so for general function, although here is an article says it supports:http://ntt.cc/2009/07/28/beginning-actionscript-3-override-overload.html
However, I found some solutions for imitating a overloaded constructor.
REFs:
http://flexblog.faratasystems.com/2006/10/16/actionscript-3-overloading-constructors-with-rest
http://www.actionscript.org/forums/showthread.php3?t=154910