how would i do the above and also add like a moving star background? help would be appreciated asap.

if you use afterFX CS3 or up, you can make the text a 3d layer and move it up and backwards... I don't know if you can do that on previous versions.

nemirc
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You can texture a very large square with the text  and move it and scale it to get the effect you want . or a series of strips . 

Attached Link: A Blues Man

I did something like that at the end of [this video](http://www.viddler.com/explore/Won-Tolla/videos/4/). As you maybe can see at the end, the camera is tilted backwards and the text is actually going straight up. Each line is an object group that is inserted right under the camera view and moves up until it's out of sight. If you want the text to fade like in the movies I guess you'll have to manipulate the light sources. Tricky but it can be done. The moving stars make it a bit harder. At least in Imagine the simplest way to  that would be to move the camera. I would do it in two passes, first filming the starfield and then using that as an animated texture on  a plane just big enough to fill the frame as the text scrolls past in the foregrund.

Oh, and I later found that Windows movie Maker has a similar effect built in. Haven't tried it but it's probably simpler.