Loading xml data into my timeline

Hey Kirupa Members!,
to load a external swf using the below code, do i need to assign any other actionscript to anywhere else to make this code work. Like for example do i need to create a empty movie clip on stage and call it holder or something. Or does this code create the movlie clip holder. I was told to throw this code anywhere in my timeline and thats it, the swf show appear but its not.

function loadingFinished(target:MovieClip):Void {
var monoslideshow:Object = new Monoslideshow(target, “monoslideshow.xml”);
monoslideshow.start(Stage.width, Stage.height, true);
}
var listener:Object = new Object();
var movieClipLoader:MovieClipLoader = new MovieClipLoader();
listener.onLoadInit = loadingFinished;
movieClipLoader.addListener(listener);
this.createEmptyMovieClip(“holder”, this.getNextHighestDepth());
movieClipLoader.loadClip(“monoslideshow.swf”, this.holder);