Question about external text files and dynamic text

hello. Im working on a website in flash. The link to the site is www.worldofbuffy.com/ele/home.html

when you click on news you can see the scrollbar on the far right side of the screen and the text loads(in newest version not uploaded to site yet). The problem i am having is with html tags in the text file… <font color="#FFFFFF"> <p> and <b>

its showing the code in the final product but not produceing the color change / boldness / or paragraph break.

Any help will be helpfull.

edit

Right now a friend is hosting my site till i get my domain registered. So the version you see currently might not be the uptodate one with the text showing up. I’ve sent the files over but its 4am her time. Im sure the correct files will be uploaded by 12pm pst today.