XML integration in Flash

This might either be a really dumb question, or a very interesting one:

Scenario:
I have a movie in Flash. It has text and graphics. I just found out that the site is actually going to be translated into multiple languages. Therefore, the movie’s text also needs to be translated to reflect which ever language the site is in.

Question:
Is there a way for me to place the text into seperate XML files (or a text file) and than just call the specific text on a specific keyframe? I have absolutely no idea how I can do this. Your suggestions will be highly appreciated.

Thanks in advance,