OP wrote:
i wish to create color changing of text(using color circle) and text animation like( 007) format
do you really want two maskings for this?
Take a look at this.
Creating Spotlight Effect in Flash[
^] & it's
Demo[
^] (Like 007 James bond style)
EDIT
----------------------------------
OP wrote:
ur ans is correct i need tht spot lighted text's color also changed
Just change the color of the text in start & end frames, that's all.
If you want to change the color every frame then change the font color in every key frame.
BTW use 'Add comment' link below the answer if you want to clarify the things because this only will notify the answerer.