Dynamic text inside nested movie clip

hi everyone.please help me!!

basically i am trying to load text from a .txt file into a dynamic text box that is placed in a movie clip that is nested on the main root timeline. I have been trying to adapt this original code but without any luck:

stop();

[FONT=Courier New]loadVariables(“mytext.txt”, this);[/FONT]

i changed this to this:

stop();

loadVariables(“mytext.txt”,"_root.note3_mc");

where mytext.txt is the name of the text file and note3_mc is the name of the movie clip.
the variable is called textField and my txt file reads as:

textField= testing!testing! lawrence your text goes here!!

when i test the movie i just get a blank text box.

any ideas people. thanks in advance.