Simple. You don't do it. SVCD is based on the MPEG 2 codec - same as DVD's at a lower bitrate/resolution. There are no applications for playing MPEG 2 streams on DC. You can play MPEG 1 (VCD) and DivX (MPEG 4).
Commercially, there is Dream VCD. This suppports full res/bitrate VCD, disc swapping and some versions come with a cheap-o remote control. You have to be careful with this one as there seem to be two versions - one works well , the other barely works and I'm not sure which is which.
Anywhere where I can DL a copy of this? Should be a pretty small proggy. I know this is pushin the rules a bit but...I don't wanna pay 20 dollars for it, hehe. Maybe a PM answer would work.........Thanks all, later.