master.xml

<data>
  <events>
    <event-item type="one">Item</event-item>
    <event-item type="two">Item two</event-item>
  </events>
</data>

master.xsl

<xsl:stylesheet xmlns:xsl="http://www.w3.org/1999/XSL/Transform" version="1.0">

  <xsl:output method="xml" indent="yes" />

  <xsl:template match="/">
    <hi>
      <xsl:value-of select="events/event-item" />
    </hi>
  </xsl:template>

</xsl:stylesheet>