function Transform(_xml, _xsl, _par) {
    var result;
    var xml = new ActiveXObject("MSXML2.DOMDocument.3.0");
    xml.async = false;
    xml.loadXML(_xml);

    var xsl = new ActiveXObject("MSXML2.FreeThreadedDomDocument.3.0");
    xsl.async = false;
    xsl.loadXML(_xsl);

	var templ = new ActiveXObject("MSXML2.XSLTemplate.3.0");
	templ.stylesheet = xsl.documentElement;
	var proc = templ.createProcessor();
	proc.input = xml;

	if (_par && _par.length > 0) {
		if (_par instanceof Array) { for (i in _par) { proc.addParameter("p" + i, _par[i]) } }
		else { proc.addParameter("p0", _par) }
	}

	proc.transform();
	result = proc.output;

	result = result.replace(new RegExp("[" + decodeURI("\n") + decodeURI("\r") + decodeURI("\t") + "]+", "g"), " ");
	result = result.replace(new RegExp("[ ]+", "g"), " ");

    return result;
}

<?xml version="1.0" encoding="utf-8"?>
<xsl:stylesheet version="1.0" xmlns:xsl="http://www.w3.org/1999/XSL/Transform"
    xmlns:msxsl="urn:schemas-microsoft-com:xslt"
    xmlns:user="urn:user-scripts"
    exclude-result-prefixes="msxsl user">

    <msxsl:script language="JavaScript" implements-prefix="user">
        <![CDATA[ 
             function xml(nodes){  
                var xml = new ActiveXObject("MSXML2.DOMDocument.3.0");
                xml.loadXML(nodes);
                return xml.documentElement; 
                } 
         ]]>
    </msxsl:script>

    <xsl:param name="p0" />
    <xsl:variable name="param" select="user:xml($p0)" />

    <xsl:template match="/">
        <xsl:for-each select="$param/ROW">
            <div>
                <xsl:value-of select="FIO"/>
            </div>
        </xsl:for-each>
    </xsl:template>

</xsl:stylesheet>