Preloading

Hi im trying to add a preloader to my “thingy”.

But i think i do it wrong as i cannot see any text i should been seeing.
when i trace it it does work as in the number sais 100 every time

my code

 
function LoadPicInMovie (thepic ,wherein)
{

   var totalbytes = wherein.getBytesTotal();
   var loadedbytes = wherein.getBytesLoaded();
  var percentloaded  = Math.ceil((loadedbytes/totalbytes)*100);
  trace(percentloaded);
  //wherein.preloadertxt.visible = true;
   wherein.preloadertxt.text ="% " + percentloaded;
  if (percentloaded == 100)
  {
 // wherein.preloadertxt.visible = false;
  wherein.loadMovie(thepic);
}
}