Making Text Transparent

Discussion created by galmt on Jan 20, 2011
Latest reply on Jan 26, 2011 by FallTroy
Searching through the archives, I found some threads about making annotated text transparent, or posts from ESRI people saying (in 2003) that making text transparent is an option they were working on/hoping to have available in future versions. 

So my question is:  Is it possible to make text transparent yet? 
Using the text tool in the Draw toolbar, I've created a couple of lines of text that I'd like to make transparent so the layers beneath them will still be visible.  I'm working strictly in layout view, and I'll need to print out the map, so having the text print transparent as well is important. 
Is there another way to apply transparent text to a map that I'm not aware of? 

Thanks for any help,