I tried using shared objects instead but it's giving the same results:

Code:
import mx.transitions.Tween;
import mx.transitions.easing.*;
user_so  = SharedObject.getLocal("user");

if(user_so.data.largetext1 != undefined) {

//data exists
//do actions
user_so.data.largetext1  = large_anne; 
} else {
//data does not exists
//do actions
user_so.data.largetext1  = large_anne; 
}



small_portfolio.onRollOver = function () {
	var colorful = new Color("small_portfolio");
	colorful.setRGB(0xAAAAAA);
}
small_portfolio.onRollOut = function () {
	var colorful = new Color("small_portfolio");
	colorful.setRGB(0xFFFFFF);
}

small_portfolio.onRelease = function() {
	attachMovie("large_portfolio", "large_portfolio", 1);
	user_so.data.largetext2 = large_portfolio;
	var myHoriTween:Tween = new Tween (small_portfolio,"_y",Strong.easeOut,100,10,1,true);
	var myHoriTween:Tween = new Tween (user_so.data.largetext1,"_y",Strong.easeOut,-10,100,2,true);
	var myHoriTween:Tween = new Tween (user_so.data.largetext2,"_y",Strong.easeOut,100,-10,2,true);
	myHoriTween.onMotionFinished = function (){
	user_so.data.largetext1 = large_portfolio;
	}
}

small_statement.onRollOver = function () {
	var colorful = new Color("small_statement");
	colorful.setRGB(0xAAAAAA);
}
small_statement.onRollOut = function () {
	var colorful = new Color("small_statement");
	colorful.setRGB(0xFFFFFF);
}

small_statement.onRelease = function() {
	attachMovie("large_statement", "large_statement", 1);
	user_so.data.largetext2 = large_statement;
	var myHoriTween:Tween = new Tween (small_statement,"_y",Strong.easeOut,100,10,1,true);
	var myHoriTween:Tween = new Tween (user_so.data.largetext1,"_y",Strong.easeOut,-10,100,2,true);
	var myHoriTween:Tween = new Tween (user_so.data.largetext2,"_y",Strong.easeOut,100,-10,2,true);
	myHoriTween.onMotionFinished = function (){
	user_so.data.largetext1 = large_statement;
	text2_txt.text = large_statement;
	}
}

small_biography.onRollOver = function () {
	var colorful = new Color("small_biography");
	colorful.setRGB(0xAAAAAA);
}
small_biography.onRollOut = function () {
	var colorful = new Color("small_biography");
	colorful.setRGB(0xFFFFFF);
}
small_biography.onRelease = function() {
	text_txt.text = user_so.data.largetext1;
}