This tutorial will show you how to create a sliced, fading, text effect in Adobe Flash
Version: MX 2004+
First of all create a new Flash document with dimensions of 300x200. Create some large thick text, using a font such as Arial Black, and then break it apart (control+b) twice. The text should now be in the form of a shape (image b).
Next, rotate it by 90 degrees (modify > transform > rotate 90 CW). Open the color mixer panel (shift + F9) and change the type to linear (circled in red). Then set the left slider (cirlced in green) to blue and the right slider (circled in purple) to light blue.
Your text should now be like below. Next go to part 2 of this Flash tutorial.