Help With BCP On Non Standard TERMINATOR

Greetings
I'm trying to use the BULK INSERT command in SQL Server 2005 to import a file with a column delimiter of ASCII 01 and a row delimiter of ASCII 02. Here's the command I am using:


BULK INSERT dbo.TEST

FROM 'C: est.txt'

,FORMATFILE='C: est.xml');

WIth this format file:

<?xml version="1.0"?>
<BCPFORMAT xmlns="http://schemas.microsoft.com/sqlserver/2004/bulkload/format"
xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<RECORD>
<FIELD ID="1" xsi:type="CharTerm" TERMINATOR="&#01;" MAX_LENGTH="7" />
<FIELD ID="2" xsi:type="CharTerm" TERMINATOR="&#01;" MAX_LENGTH="32" />
<FIELD ID="3" xsi:type="CharTerm" TERMINATOR="&#01;" MAX_LENGTH="1" />
<FIELD ID="4" xsi:type="CharTerm" TERMINATOR="&#02;" MAX_LENGTH="1024"/>
</RECORD>
<ROW>
<COLUMN SOURCE="1" NAME="D_ID" xsi:type="SQLCHAR"/>
<COLUMN SOURCE="2" NAME="TYPE" xsi:type="SQLCHAR"/>
<COLUMN SOURCE="3" NAME="TCODE" xsi:type="SQLCHAR"/>
<COLUMN SOURCE="5" NAME="TEXT" xsi:type="SQLVARYCHAR"/>
</ROW>
</BCPFORMAT>

This is a valid XML file from a syntax standpoint, but when you run the command you get:


Msg 9420, Level 16, State 48, Line 2

XML parsing: line 5, character 53, illegal xml character

Tried absolutely everything I could think of to no avail.