OK, I simply took the livetype matte as was, with no fill or matte in it, so it was filled with blue, as was it comes in Livetype…dragged it into my FCP edit, placed it on layer 3 (video on layer 1, BG matte with water on 2, blue matte on 3), and placed a png of my report paper on layer 4, and layer 5 has the livetype text. I added the travel matte ALPHA to report png on layer 4…it all works as I needed…thanks again.
K