SVN - working on the same package in two projects

Hi,

I'm developing two projects which both use the same package (call it package1), which is also under development. Can I, using svn integrated with netbeans, set it up so that I can edit package1 in either project but store it in a single location in the svn repository. So if I make a change to package1 in projectA then I can just update projectB and see the same changes?

Any tips much appreciated.