[xsl] text output with some significant white space

I have xml file and need to transform it to a *text* file that
will have *no* xml tags it it at all. I *do* need to control
indention and carriage returns in text file and at same
time I want the XSLt to be readable with regards to consistent
indention of say -three spaces. how can I accomplish following

Here is part ofstylesheet XSLT:
**********<xsl:template match="foo">
*************begin@<xsl:value-of select="name"/>@{!
*************@@@<xsl:value-of select="body"/>!
*************@@@}
**********</xsl:template>

*=space in style sheet
@=significant space to place in output
!=significant carriage return to place in output

Here is XML file
<foo>
  <name>bar</name>
  <body>y=a+b*c;</body>
</foo>

Here is desired outptu:
begin foo {
  y=a+b*c;
  }

I trid <xsl:text>, <xsl:output method="text">, entities but
can't find right combination that gives full control of text
file output for indentation and carriage return. Help?

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