ActionScript 3.0 Programming...Formatting Text

Question

I'm a beginner, college student working on an assignment,  in ActionScript coding.  I have an ActionScript (.as) Class linked to my .swf.  I've got a Text Field and I want to format the text in...color, font, etc.  No matter what I do, the text "Hello Rasmussen!" only displays in the ActionScript style and placement defaults.  Here is the code:
package {
    import flash.display.*;
    import flash.text.*;
    public class Rasmussen extends MovieClip {
     public function Rasmussen() {
            var myText:TextField = new TextField();
            myText.text = "Hello Rasmussen!";
            addChild(myText);
Any help would be greatly appreciated...you'd be the hero of the day!  Blessings...Daniel

Answer 1

The x and y position settings should work as you show them.
For the color, if you look up the TextField class in the help documentation, you will find that there is no "color" property for a textfield. 
The TextField class does have a textColor property, but you have to specify a valid hexidecimal color value for it to work and 0FF0000 is not valid.  In your class code try the following...
myText.x = 300;
myText.y = 150;
myText.textColor = 0xFF0000;