You can create text within Adobe Flash by using the text tool and then formatting it horizontally or vertically. The Properties inspector enables you to format text even further. As with other objects in Flash, text can be broken into elements and regrouped. If you need to arc text, you can separate each element of your text to create the shape you want. Converting your text into a symbol makes it easier to work with after it has been edited. Writer Bio

How to ARC Text in Flash - 92