[udaaff]

Я, вообще, на кусок кода намекал.

var tf:TextField = new TextField();
addChild(tf);
 
var urlLoader:URLLoader = new URLLoader();
urlLoader.addEventListener(Event.COMPLETE, urlLoader_completeHandler);
urlLoader.load(new URLRequest("test.xml"));
 
function urlLoader_completeHandler(event:Event):void
{
	var xml:XML = XML(urlLoader.data);
	tf.htmlText = xml;
}

test.xml

<root>&#код;</root>