Loading formatted text from XML file

Hi Gurus,

I have a thumbnail Slider Menu which loads my images via a XML file and gives each of them a "Description" which loads into a Textbox on Flash movie..
I would like to know if it is possible to load a component ( textbox ) with formatted text from a XML file which is holding my images. I know it can load standard text but I need to have formatted text to populate a textbox once my thumbnails are clicked. Can a XML file load a timeline frame either, as this might be a work around for me if the above doe not work.

Thanks,

Scott.