XML-Menu Tutorial - can it work in Flash 5?

I have been looking over senocular’s XML-Driven Drop-Down Menu tutorial and I really want to create something similar, but I need to publish it in Flash 5 format. Since it does not suppor instance naming a dynamic text field, I was wondering if there would be a way to do it using a dynamic text filed variable while preserving it’s fully dynamic layout.

Cheers.