Thanks for your reply Nina.
But no, that's not exactly what I was after. I could just as easily do a text screen and drag it down, as compared to making it opaque as a watermark.
BUT...the idea is the same...once I was through with editing some fx (a blurring one) there was no way I could do the above. PD simply would not let me do it.
I had to go all the way through producing it, then reloading it back into PD, THEN adding the text track. My question was wondering why it wouldn't simply let me insert the text track after all that work, since the text track field was open and could've accepted it.