I am having a problem where this external SWF preloader (from the GOTOANDLEARN) tute, does not display the text even though I have the text box set up and everything in place. it also, on load, displays the loader (less the text box) when the code states it should not be visible.

can anyone help out?

var mcl:MovieClipLoader = new MovieClipLoader();

var mclL:Object = new Object();

mclL.onLoadProgress = function(target,loaded,total) {
loader.percent.text = Math.round((loaded/total) * 100) + "%";
}

mclL.onLoadInit = function() {
loader._visible = false;
loader.percent.text = "";
}

mcl.addListener(mclL);



s_past_mc.onRelease = function () {
loader._visible = true;
mcl.loadClip("SB_Simple_Present.swf", holder2);
}