ActionScript 3.0 :: Dynamic Text Animation Library - TextAnimBlock

Check out the TextAnim library. A class for dynamic text animation in AS3, that is event based, tween engine independent and sure, it's free! TextAnim works creating blocks of text, then applying functions that you create to each one of them. We call these functions as effects. These functions must receives a TextAnimBlock as a parameter to be free to make the animation you want.

Here is the most basic example:
Code:
Select allimport flupie.textanim.*;
var myTextAnim:TextAnim = new TextAnim(myTextField);
myTextAnim.effects = myEffect;
myTextAnim.start();
function myEffect(block:TextAnimBlock):void {
block.alpha = 0;
tween.to(block, {alpha:1, time:.5});
}

You can download the latest stable version of TextAnim, check out Flupie blog to get a few examples with source, read the documentation or get TextAnim code generator, called TextAnim Maker.