<?xml version="1.0"?>
<xsl:stylesheet xmlns:xsl="http://www.w3.org/1999/XSL/Transform"
                xmlns:fo="http://www.w3.org/1999/XSL/Format" 
                version="1.0">

 <xsl:output indent="yes"/>
   
 <xsl:template match = "TEST">
   <fo:root xmlns:fo="http://www.w3.org/1999/XSL/Format"> 
    <fo:layout-master-set>
      <fo:simple-page-master 
        master-name = "test-page-master"
        page-width = "8.5in" page-height = "11in">
        <fo:region-body margin-top = "0.4in"/>
        <fo:region-before extent = "0.3in"/> 
     </fo:simple-page-master>
    </fo:layout-master-set>

    <fo:page-sequence master-name="test-page-master">
      <fo:flow flow-name="xsl-region-body">
        <xsl:apply-templates select="*"/>
      </fo:flow>
    </fo:page-sequence>
  </fo:root>
 </xsl:template>

 <xsl:template match="LIST"> 
    <fo:list-block>
      <xsl:apply-templates select="ITEM"/>  
    </fo:list-block>
 </xsl:template>

 <xsl:template match="ITEM">
   <fo:list-item>
     <fo:list-item-label>
      <fo:block>
      <fo:external-graphic src="{/TEST/IMG/@SRC}"></fo:external-graphic>
      </fo:block>
     </fo:list-item-label>
     <fo:list-item-body>
       <fo:block>
        <xsl:value-of select = "."/>
       </fo:block>
     </fo:list-item-body>
   </fo:list-item>
 </xsl:template>
</xsl:stylesheet>
