Create A Hyperlink In Text Field?

I am trying to create a hyperlink in my text field that when clicked will take you a website target a _blank page.I have created a text field and input the website through xml - src, I put the text field inside a movieclip - link, i created a sprite and put that in the movieclip. However anytime that I try to click it, no matter the configuration I get one of two errors: Error #1069: Property loader not found on flash.text.TextField and there is no default value.^^Is the most common The other one is I believe Error #1010 Can not target and object of null reference?? Something along those lines.

My Code:

var link:MovieClip = new MovieClip();
var anchor:Sprite = new Sprite();
anchor.graphics.drawRect(265, 235, 690, 20);
anchor.graphics.beginFill(0x00ff00);

[code]....