Loading external text file in htmlText


i have an external txt file that i wanna display as a htmlText in flash.

i have the following code.

var rhetoric:TextField = this.createTextField("rhetoric", this.getNextHighestDepth(), 0, 0, 400, 200);

var rhetoric_fmt:TextFormat = new TextFormat();
rhetoric_fmt.align = "left";
rhetoric_fmt.color = 0x333333;
rhetoric_fmt.font = "Helvetica";
rhetoric_fmt.size = 12;
rhetoric_fmt.leading = 1;

rhetoric.wordWrap = true;
rhetoric.selectable = false;
rhetoric.antiAliasType = "advanced";
rhetoric.gridFitType = "pixel";
rhetoric.embedFonts = true;
rhetoric.html = true;

rhetoricText = new LoadVars();
rhetoricText.onLoad = function()
    rhetoric.htmlText = this.rhetoric;


in rhetoric.txt

&rhetoric=We differentiate ourselves from the rest of the competition through the way we look at consumerism and communications.

<b>How can your products impact the lives of your customers?</b>

We believe in the power of experiences, it is what our lives are made up of, how we learn, how we evolve.&

but when display to flash it doesnt give me the <b></b> i wanted…
Anything wrong with my code?