Bounce Menu and XML

I have downloaded a xml menu component at http://www.faithornstudios.com/oldbounce/ The menu works completely fine with the xml, but I want to extended it and I don’t how to accomplish what I want to do. I want to be able to pull images, descriptions, and hyperlinks from this same xml file and put them into dynamic text fields and movieclips in the same swf file as the xml generated menu. My problem is I just don’t know how to intergrate this content onto the stage since it is a component. I have studied the xml tutorials here a kirupa but I am still at a loss. I appreciate any help.

Here is what I am trying to accomplish http://www.pixelcache.com/folio.zip
I have saved the fla down to Flash MX 2004.