A system that determines where a particular XIP component is stored on a medium and loads the component into RAM for execution, providing the ability to demand page specific components at will from storage media, frees up working RAM on memory constrained devices. A Binary File System uses a generic block driver component that loads the XIP code from a block based storage medium. Features of the file system include the ability to load pre-"fixed up" components from a block based device. The invention thus allows an operating system to load code that was previously Executed In Place (XIP) from a block-oriented device.