Start off by starting a new movie: File » New. Then go to Modify » Movie and change the width and height to whatever your preference might be. The one I’m making is Width: 200 Height: 50. Then make a new symbol (Button) by going Insert » New Symbol and name it Button1 and behavior as a button. On the white screen, draw what you want the button to look like, just as I have and make sure you have text in it.
After you have made the graphic in the “Up Frame”, right click on “Over” near the top left hand side and chose Insert Keyframe. Everything should remain the same except there should be a dot inside the “Over” at the top and your image should be highlighted in blue.
Alright, with your image highlighted, chose Insert » Convert to Symbol. Name can be called Movie1 and behavior is as a Movie Clip. Right click on your image, which should now be a movie clip, and choose Edit In Place. Here is where we will make our animation which will occur when you put your mouse over the button.
What you want to do at this point is to separate the text from the rest of the button. So you select the text and Edit » Cut. Then Press the New Layer button and press Edit » paste Name the layer “Text” by double clicking on the left where it says “Layer 2”. Lastly, lock the other layer which contains all the other graphics besides the text.
Alright, here comes the most tedious part of the tutorial. Select the text and press Modify » Break Apart. All the letters are separate now. You may want to zoom in, but now you must select each text character, press Edit » Cut, start a new layer and Edit»paste, just like we did earlier in Step 4, but after pasting each letter, you must also press Modify » Group so each letter stands on its own.
Okay, here is where the tutorial differs from the Revolving text. What you want to do now is place keyframes on all the layers on the 15th, 20th, 25th, 30th, 35th and 60th frames so it looks like the image on the left.
Place motion as listed on the image below on the 1st, 15th, 20th, 25th, and 30th keyframes in all the layers that contain the letters.