Loading External Text In Flash Using AS3 URLLoader - Video Lectures
Using the TextLoader class is a way to load and use data from a .txt, .html, or .xml file.

Excellent Tutorial- http://www.republicofcode.com/tutorials/flash/as3externaltext/

 

#1 Add dynamically loaded slide show text to your Flash portfolio web site.

or

#2 Finalize characters and create a scene and put the character in the scene. Have your character wave.