var tf:TextField = new TextField();
tf.text = "Hello Hello";
tf.width = 650;

var format1:TextFormat = new TextFormat();
format1.color = 0xFF0000;
format1.size = 80;

tf.setTextFormat(format1);

addChild(tf);
tf.alpha = .1;

import flash.display.BlendMode;
tf.blendMode = BlendMode.LAYER;

import fl.transitions.Tween;
import fl.transitions.easing.*;
new Tween(tf, "alpha", Elastic.easeOut, 0, 1, 200, false);