Why does this text show up?

Ok, this one has me 5 feet from the insane asylum. I have some text that I broke apart and made into a symbol so I can use alpha transparency on it.

The symbol is in a movie clip. It starts out at 0% alpha until it is triggered by a rollover when it then goes to 100%.

When you view the movie clip, that is exactly what happens. You see nothing until the clip runs, at which time the text fades in.

BUT, when you run the movie - all of a sudden the text is sitting there (before you roll over) like a sore stinking thumb! In the movie clip on frame 1 it is invisible, but not in the movie itself!?! Why? I have no idea, but it is KILLING me.

Can anyone show me what I am doing wrong? I’m sure it is some stupid obvious thing, but it has totally eluded me. Zip file attached. Thanks!

Tom