Condensing Texts

Hi guys!

Here's what I intend to do:

On the video there will be name of the event:Pan American Regional Symposium but over the time I need this title to transform into his acronym: PARS.

But I want that transformation happening in a specific way, for example:
on the word PAN, I want the letter "A" and "N" going towards the "P", and when they are getting close, they just fade out. And I need the same thing happening to all the other words at the same time. So summarizing it, I need that all the letters in the words going towards the first letter and then fade out, just like a condensation.

By the end of it we will just have the acronym.

Is there any simpler way to do this besides animating each everyone of the letters?

thanks!

thanks SO MUCH! you are the best :)