Drew I see your example but isn't that just a shape with no fill? While that is useful it is NOT truly a shape with a hole in it. Another example is like in the Poker game I'm working on I wanted a large text object with suits cut out of it (see what I'm talking about here http://bretlanius.com/flash/videopoker.html). This is all but impossible to do within KM alone.

As for what Wilbert suggests I don't know if that will work with text boxes this is why I wasn't able to use masks in my website because masks and textboxes don't play well together.