var fl_TextLoader_4:URLLoader = new URLLoader();
var fl_TextURLRequest_4:URLRequest = new URLRequest("file:\cbafwebsitetest.txt");

fl_TextLoader_4.addEventListener(Event.COMPLETE, fl_CompleteHandler_4);

function fl_CompleteHandler_4(event:Event):void
{
    var textData:String = new String(fl_TextLoader_4.data);
    trace(textData);
}

fl_TextLoader_4.load(fl_TextURLRequest_4);