How can I draw text on a TImage and retain Alpha?

well like I said for me your first solution will work. I was just wondering for the future if it would be possible to have an irregular shaped image and draw text on it retaining all alpha (text/image) without using a viewport, but I guess you could draw each line of text and capture each line in separate rectangle of course.

Looks liek I'll also have to look into RTT soon as I still haven't done it.