Thanks everyone for the help. I did a little further researh and found a program called swishmax – that did this task incredibly easily (I’m talking seconds!)
It works like FLash, but without the learning curve necessary to master flash. It has a “typewriter” effect built in.
It claims that you can create the effect in SwishMax and export the swf directly into Vegas. I wasn’t able to that, but it also allowed me to export an AVI directly into Vegas which did work.
Great solution if you’re looking for this kind of stuff….