As far as I know, the best way is to create your paragraph, convert it to outline, and then switch to 3D. Make the text layer invisible, and do your position keyframe for your motion on the outline layer, then duplicate the layer how ever many words you have. Then double click the first layer, delete everything but the word you need, and repeat for all other layers. Once done, toggle on Continue Rasterize in your timeline for each and there ya go. Takes about 5 minutes to do.
Todd Morgan
Creative Director
morgancreative
http://www.morgancreative.ca