AS3
===
var xmlLoader:URLLoader = new URLLoader();
xmlLoader.addEventListener(Event.COMPLETE, showXML);
xmlLoader.load(new URLRequest("playlistAS3.xml"));

funciton
========
function showXML(e:Event):void {
XML.ignoreWhitespace = true;
var songs:XML = new XML(e.target.data);
trace(songs.track.length());
var i:Number;
for (i=0; i < songs.track.length(); i++) {
trace(" Name of the song: "+ songs.track[i].title.text());
trace(" Name of the Band: "+ songs.track[i].band.text());
trace(" File Location of the song: "+ songs.track[i].file.text());
}
}