So far this is what I have got:
var myLoader:URLLoader = new URLLoader(new URLRequest("myTxtFile.txt"));
myLoader.addEventListener(Event.COMPLETE, loadComplete);
function loadComplete(e:Event):void
{
trace(myLoader.data);
}

Is there any way I could store these values in two different arrays? For example:
myarray[0] = word1
myarrayOne[0] = hint