<?xml version="1.0" encoding="utf-8" ?>
<xsl:stylesheet version="1.0" xmlns:xsl="http://www.w3.org/1999/XSL/Transform" >

  <xsl:template match="/"> 
    <xsl:apply-templates select="msg" />
  </xsl:template> 

<xsl:template match="msg">
<b><xsl:value-of select="msg1" /></b>
<xsl:value-of select="msg2" />
</xsl:template>
</xsl:stylesheet>