Converting text to movie clip

I’m having trouble converting text or anything I make in flash into a movie clip. If I make the same thing in Photoshop, add it to the library, I can make it work, but this adds a lot of time.

Simple Example: trying to make text fade in or out, the text just shows up as 100%, if I do the same text in Photoshop, save it as a jpg and bring it over, it works fine. Am I missing something?

Thanks for anyhelp…I have checked other fourms, can’t seem to find anything that I’m not already doing…