Attached Link: www.kawachi.zaq.ne.jp/kurozuka/akurodigital/

What do you want to morph? There is a nice plugin for Carrara that can use morph targets, so you can morp from the character T to an elephant if you want. I guess. Animating text is also possible, but you need to dive in the time line editor. And maybe break apart text in individual characters and steps like that. Carrara does not stand out, yet, in the animation department, but you can do a lot if you know where the limitations are (motion path are hard to handle, for instance). Good luck!