Dynamic Free Tranform text

I’m trying to actionscript a textfield to condense text to fit a certain width. If the text goes beyond the bounds of the text field then condense.

Looked into
_width
_xscale
my_mc.transform.matrix = m;
new flash.geom.Matrix()

and postings by [U]**senocular.com

**[/U]
My results always bring me back to the text acting as unable to shrink.

One thing that did work, was to break apart the text and then use the other techniques to condense. Maybe if there is a way to break apart text dynamically and then display.

Thanks for the look.