This would probably be easier in xslt2 which has more extensive string
handling but in XSLT1, as always, start out with an identity transform
<xsl:template match="*">
<xsl:copy>
<xsl:copy-of select="@*"/>
<xsl:apply-templates/>
</xsl:copy>
</xsl:template>
then add templates for your replacements eg
<xsl:template match="text()[.='%special value%']">NEW VALUE</xsl:text>
<xsl:template match="text()[.='%another special value%']">2nd NEW
VALUE</xsl:text>
David
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