www.mplayerhq.hu
download the 4 rpms (it's a lot easier and hopefully less problematic than the src),
I can't remember them specifically but you need mplayer-common-xxx, mplayer, mplayer-gui ( i assume you'll want the gui ) , and the mplayer default skin package.
install them all at the same time from the command line (rpm -Uvh <package name here> <next package, etc> ) and then you'll be watchin vcd's in no time.