Instantiate cloned prefab to local position of an empty object

[Musclegunner]

Hi, I can't figure out how to get the clones of a prefab to instantiate on the position of the empty game object that this script is on. All the objects that spawn come from the world space of 0,0,0. I want them to spawn FROM 0,0,0 of the LOCAL objects spot. (ie. When I move the parent object, the spawning of the cloned prefabs will follow.) Here is my code I'm using.

var prefab : Rigidbody;
var speed = 5;
var numberOfObjects = 20;
var radius = 5;
function LaunchingProjectile()
{
    for (i = 0; i < numberOfObjects; i++)
    {
        var angle = i * Mathf.PI * 2 / numberOfObjects;
        var pos = Vector3 (Mathf.Cos(angle), 0, Mathf.Sin(angle)) * radius;
        clone = Instantiate(prefab, pos, Quaternion.identity);
        clone.velocity = transform.TransformDirection( Vector3 (0, 1, speed));
        Destroy (clone.gameObject, 3);
    }
    for (i = 0; i < numberOfObjects; i++)
    {
        angle = i * Mathf.PI * 2 / numberOfObjects;
        pos = Vector3 (Mathf.Cos(angle), 0, Mathf.Sin(angle)) * radius;
        clone = Instantiate(prefab, pos, Quaternion.identity);
        clone.velocity = transform.TransformDirection( Vector3 (1, 0, speed));
        Destroy (clone.gameObject, 3);
    }
}
function Update()
{
    if(Input.GetButtonDown("Fire1"))
    {
        LaunchingProjectile();
    }
}

=====Old code above. Newer code below=========

var prefab : Rigidbody;//instantiated prefab for clone
var speed = 15;//speed that clones travel
var numberOfObjects = 15;//Used in Mathf calculation
var radius = 1;//used in MathF calculation
function Update()
{
    if(Input.GetButtonDown("Fire1"))
    {
            LaunchingProjectile();
    }
}
function LaunchingProjectile()
{
    for (i = 0; i < numberOfObjects; i++)
    {
        var angle = i * Mathf.PI * 2 / numberOfObjects;
        var position = Vector3 (Mathf.Cos(angle), 0,     Mathf.Sin(angle)) * radius;
        clone = Instantiate(prefab, position, transform.rotation);
        clone.velocity = transform.TransformDirection( Vector3 (0, 1,     speed));
        clone.transform.parent = transform;
        Destroy (clone.gameObject, 3);
    }
}

[DaveA]

clone.transform.parent = transform; would be my guess. Assumes 'this' object the script is on is the parent?

clone = Instantiate(prefab, position, transform.rotation);
clone.velocity = transform.TransformDirection( Vector3 (0, 1,     speed));
clone.transform.parent = transform;
clone.transform.localPosition = position;

The 'position' in Instantiate will be world coordinates. Setting the 'parent' will adjust those coords to be relative to the parent, and remain same place in the world. So setting localPosition last should force them to be relative to the parent.