Populate text from .txt file

Hi,
I would like to know if this is possible, i’m looking around the web to see if anyone has done this, but i would like to have a textboxes in my flash form read data and populate text from a textfile, is this possible or am i dreaming?

I’m trying to get creative and come up with a solution to tables and flash. I would like to change the information in the textfile weekly and it be reflected in the website.

Any information is greatly appreciated.

Thank you,