Loading text from a .txt file using URLLoader

So, I’m trying to load just a simple bloc of text from a text file using the URLLoader class, and the text loads and displays properly in the text field, only all return chars and all appear as is in the text.
I have a
in the text bloc, and instead of returning the text to a new line, the text field just displays the
as if it were text.
Is there any special operation or something i’m missing here ?

ActionScript Code:
[FONT=Courier New][LEFT][COLOR=#0000FF]private[/COLOR] [COLOR=#000000]**function**[/COLOR] loadPresentationText [COLOR=#000000]([/COLOR][COLOR=#000000])[/COLOR]:[COLOR=#0000FF]void[/COLOR] [COLOR=#000000]{[/COLOR]
        _$textLoader = [COLOR=#000000]**new**[/COLOR] URLLoader [COLOR=#000000]([/COLOR][COLOR=#000000]**new**[/COLOR] URLRequest [COLOR=#000000]([/COLOR][COLOR=#FF0000]"text.txt"[/COLOR][COLOR=#000000])[/COLOR][COLOR=#000000])[/COLOR];
        _$textLoader.[COLOR=#000080]dataFormat[/COLOR] = URLLoaderDataFormat.[COLOR=#000080]VARIABLES[/COLOR];
        _$textLoader.[COLOR=#000080]addEventListener[/COLOR] [COLOR=#000000]([/COLOR]Event.[COLOR=#000080]COMPLETE[/COLOR], textLoaded[COLOR=#000000])[/COLOR];
    [COLOR=#000000]}[/COLOR]
    
    [COLOR=#0000FF]private[/COLOR] [COLOR=#000000]**function**[/COLOR] textLoaded [COLOR=#000000]([/COLOR][COLOR=#0000FF]e[/COLOR]:Event[COLOR=#000000])[/COLOR]:[COLOR=#0000FF]void[/COLOR] [COLOR=#000000]{[/COLOR]
        testStr = [COLOR=#0000FF]e[/COLOR].[COLOR=#0000FF]target[/COLOR].[COLOR=#0000FF]data[/COLOR].[COLOR=#000080]presText[/COLOR];
    [COLOR=#000000]}[/COLOR]

[/LEFT]
[/FONT]

thx