[Kuruki]

var newsXML:XML = new XML();
newsXML.ignoreWhite = true;
 
 
newsXML.onLoad = function(success) {
    if (success) {
        var news:Array = newsXML.firstChild.childNodes;
		_root.createEmptyMovieClip("txt_mc", 0);
        for (i = 0; i < news.length; i++) {
			var output:String = "";
            output += "<b>";
            output += news[i].childNodes[0].firstChild.nodeValue;
            output += "</b> - <i>";
            output += news[i].childNodes[1].firstChild.nodeValue;
            output += "</i>";
 
            txt_mc.createTextField("txt_name" + i , i, 0, i * 20, 300, 20);
            txt_mc['txt_name' + i].html = true;
            txt_mc['txt_name' + i].htmlText = '<a href="'+news[i].childNodes[2].firstChild.nodeValue+'">'+output+'</a>';
        }
    }
}
 
newsXML.load("news.xml");

А если захотите сделать подчеркивание при наведении, смотрите TextField.styleSheet, TextField.StyleSheet