How to build an XML NEWS BOX with vertical movement effect?

Ok, what I’m tryin’ to do is a box that contains NEWS (date + short description with links on each). There would be an XML file feeding the swf. I’d like the effect of the ‘menu’ to be similar to what PixleCrew has been talkin’ about in [URL=]some other thread. The menu would be masked and would move vertically depending on the mouse position.

PixleCrew wrote his code in that thread but I can’t seem to build my FLA file the right way since I’m not the best actionscripter there is. His FLA file is not available.

So if someone could help me out with this or simply point me to someplace where this subject has been discussed, I’d really appreciate it.