How to format an account to show date format with MDX function @FORMATDATE

Hello,
I am working with an ASO cube where all accounts are set as numeric type. We have some accounts which hold date information for eg Date1 member which is a stored member will have data as 20120601 for June 1st 2012. In financial reports, i need to show this data as 06/01/2012 and using as essbase connection in FR, i cannot do this.
While i was looking for a solution, i came across the MDX function called
@FORMATDATE
format_string_expression = MdxFormat ( string_value_expression )
I was hoping that if i add a member say Date2 and make it dynamic and point it to Date1 and have this MDX format command to make the numeric data 20120601 show up as 06/01/2012.
Can this work and if yes, what would be the MDX formula in this case?
Any help in this regard will be a great help...the other alternative i have is to export this date data out into an oracle table, transform that data into to_date and after enabling the type measures in the outline, load it back in...i was hoping to avoid this extra route if this can be done with the formatting via MDX withing the essbase app.
Thanks...

For all good order, here is the log from the Disk Utility:
2012-12-07 21:18:03 +0100: Disk Utility started.
2012-12-07 21:21:46 +0100: Preparing to partition disk: “WDC WD30 EZRX-00DC0B0 Media”
2012-12-07 21:21:46 +0100:     Partition Scheme: GUID Partition Table
2012-12-07 21:21:46 +0100:     1 partition will be created
2012-12-07 21:21:46 +0100:
2012-12-07 21:21:46 +0100:     Partition 1
2012-12-07 21:21:46 +0100:         Name        : “Gardermoen”
2012-12-07 21:21:46 +0100:         Size        : 3 TB
2012-12-07 21:21:46 +0100:         File system    : Mac OS Extended (Journaled)
2012-12-07 21:21:46 +0100:
2012-12-07 21:21:46 +0100: Unmounting disk
2012-12-07 21:27:59 +0100: Partition failed for disk WDC WD30 EZRX-00DC0B0 Media Wiping volume data to prevent future accidental probing failed.
B*gger. :-(

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