Yes, this is what you do. To fade text, make, or type the text that you want then select the text, make sure there is a blue box around it and right click and make it a symbol, the symbol should be a movie clip then with that done, after it is a movie clip click on it again and then at the bottom the properties should be a drop down box that says color
dropdownmenu) select alpha make it 0 then about 5 frames out, make a key frame, and then select the text, whereever it is, and make the alpha 100% then on the first frame put a motion tween on it, now the frames should be blue and it should work befor eyour very eyes