Flash 8 HTML load line break error

This HTML code:
&object1=<span class = ‘main’>The objective of Chapter two is to:<br>
Take a break<br>
<ol>
<li>Get a donut</li>
<li>Get a Coke</li>
<li>Take a nap</li>
</ol>
</main>

creates an extra line space in the dynamic textfield when compiled under Player 8. It does not do this compiled at Player 7.

This HTML code:
&object1=<span class = ‘main’>The objective of Chapter two is to:<br>Take a break<br><ol><li>Get a donut</li><li>Get a Coke</li><li>Take a nap</li></ol></main>

displays correctly at Player 8.

Why is Player 8 interpreting the code-level HTML line breaks as physical breaks?