HTML text formatting

I have an XML file with this:

[size=2][/size][size=2][color=#0000ff]<[/color][/size][size=2][color=#800000]LoginDesc[/color][/size][size=2][color=#0000ff]>[/color][/size][size=2]View your [/size][size=2][color=#0000ff]<[/color][/size][size=2][color=#800000]b[/color][/size][size=2][color=#0000ff]>[/color][/size][size=2]promotions[/size][size=2][color=#0000ff]</[/color][/size][size=2][color=#800000]b[/color][/size][size=2][color=#0000ff]>[/color][/size][size=2], your total points earned and play games.[/size][size=2][color=#0000ff]</[/color][/size][size=2][color=#800000]LoginDesc[/color][/size][size=2][color=#0000ff]>[/color][/size]
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[color=#0000ff]is there a way to have the Flash textfield understand some HTML formatting?[/color]
[color=#0000ff]I thought there was?[/color]
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