I should have been clear with what i wanted to do.
I am doing exactly what Jim suggested. I am using 3/4" plywood for the cabinet boxes. I made a dado jig that I clamp the plywood in to match the size. I clamped the jig to the plywood that I want to cut the dado in and used a straight bit with a bearing that rides along the jig to cut the dado. I used a 1/2" bit when I made the cabinets for the bathroom.
I am getting some new tools for my kitchen cabinets. If I can get a downcut spiral bit with a bearing I would like to because I want to have the cleanest edges possible on the plywood dados. Is a bit like this available?