Example using xsl:value-of and xsl:template

<xsl:template match="cd">
  <pre> <xsl:value-of select="artist"/>: <em><xsl:value-of select="title"/></em>
  </pre>
  <pre>label: <xsl:value-of select="label" />; 
  catalog: <xsl:value-of select="catalog" />
   filed: <xsl:value-of select="filed" /></pre>
  <p><xsl:apply-templates select="playlist/work" /></p> context node is cd
</xsl:template>

<xsl:template match="work">
  <em><xsl:value-of select="." />
</em>;</xsl:template>

Result