Have you ever been able to edit the text in the Basic Text effect using one of the Type tools?
I think that the only way to edit the text is (and has been) to click the Edit Text control in the effect controls (either in the Timeline panel or in the Effect Controls panel).
I feel so stoooooooooooooooopid. I just plain forgot.
By the way, basic text is in the obsolete folder, so you may want to learn the standard text tools as i guess it will disapear in some upcoming versions.
They are much much more powerfull
Yes, thanks, I am using the new text tools, and they make life easier - I just wanted to make it even more easy by using the old template.