You mean, like this?
http://www.rjscs.com/scotty/demos/textblur.html

Simple. Create several instances of your text symbol, and motion tween them from Alpha 0 to 100 while moving them together (they should start somewhat spread out).

Is that what you were looing for?


<EMBED src="/cgi-bin/ubb/Members/sigs/00000205.swf" quality=high WIDTH=500 HEIGHT=50 TYPE="application/x-shockwave-flash" PLUGINSPAGE="http://www.macromedia.com/shockwave/download/index.cgi?P1_Prod_Version=ShockwaveFlash"> </EMBED>