SOLUTION:
Copy all of the text from the FCP X Timeline.
create a new project
paste it into the new project and set the first title to match the TC from where you pasted.
Export FCP X XML
Convert in FCP X to 7
Open in FCP 7
Surprisingly all of the text is there as well. Cool!
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The shortest answer is doing.
Lord Herbert
http://www.davidbattistella.com