xsl text manipulation

[samkaya]

I'm using xsl to format and display xml data. In my xsl i'm displaying different statusses:

01Ready
02Planned
03Cancelled
04Progress
05Delivered

I want to delete the numbers before the statusses, so i want to transform the statusses to:

Ready
Planned
Cancelled
Progress
Delivered

I already started with this:

 Status <xsl:value-of
select="Status"/>
        <xsl:choose>
          <xsl:when test ="status='01Ready'">
            ..??? don't know how to set my own text??? status='Ready'
          </xsl:when>
        </xsl:choose>

So basically i need to transform some labels, could somebody help me with the syntax and the right functions? And where in my xsl can i put this transformation?