XML Text in Flash file Project

I have a Flash Actionscript 2.0 file that has to be converted to text, and updatable by XML. You will need to convert the existing images into editable text, and then add the layer of XML functionality. The user needs to be able to update two items in the XML: Font Size, and Replace the text to say something else. This updated file has to be delivered to me today itself. If you can not do it today. don't bid. I will send all, a PSD file and current flash fla file once you win the bid for the project. The file needs to stay as a AS2 file. Thank you. Questions for Freelancers: 1. What will be your process in making this update to this file? 2. What will your xml markup look like? Will it be easy to update?