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One way is to place the text inside a graphic symbol and then create a timeline tween. If you are using Flash CS4, then I can't help much in that regard because they created a new way of timeline tweening. Though if you use the classic tween, then it's a matter of placing the symbol in the timeline in the first frame you want it to start in, then copy that frame 60 frames down the timeline. Select the symbol on the stage back in the starting frame and in the properties panel set its alpha to a value of 0 via the Color drop list. Then right click on the frame it is in and choose Create Motion Tween. If you did it correctly, there should be a blue background for the frames involved and a solid arrow between the two end frames. A dashed line indicates something is wrong.
Thanks all figured out now