Flash MX Effects: Text Outlines

Although text in Flash doesn't have an option for a stroked outline, you can still create the simulation of one using layers. (You can also just break apart the text twice and use the Ink Bottle tool on the individual fills, but that would be easy, and where's the fun in that? This is just an alternative method that may work better for you when you need to leave your text editable rather than as painted shape fills.)

Use the Text Tool to place text on your stage.