This example 100% works:
import flash.net.URLLoader;
import flash.events.Event;
var myXML:XML;
var loader:URLLoader = new URLLoader();
loader.load(new URLRequest("data.xml"));
loader.addEventListener(Event.COMPLETE, xmlCompleteHandler1);
function xmlCompleteHandler1(event:Event):void
{
myXML = new XML(event.target.data );
trace( myXML.LoaderMax.ImageLoader.length() ); // 3
}