Fading multiple dynamic texts - like movie credits

Background
I have 10 names in an XML file. Following a tutorial form this site, I am now loading that XML file into Flash. What I want is to take that first person’s name, fade it in, hold a second, then fade it out. Then the next person’s name does the same. And so on. After the last person’s name, it starts over. This is kind of like the effect at the beginning of movies, where it shows the director, producer, and some of the actors.

Example
On the right sidebar of kokeshforcongress.com is pretty much exactly what I’m going for.

How far I got
I haven’t touched Flash since v5 days, so I’m a bit overwhelmed. So far I just have the XML data being traced into the output thingy. I don’t know how to get each name to cycle slowly and with effect inside a dynamic text field.