Sony Vegas Pro 11: How to Make Subtitle Text

How to make subtitle text in Sony Vegas Pro 11.

Drag a video clip onto the timeline.
Switch to the Media Generators tab. If this tab is not visible, go to View > Media Generators or use the ALT+9 shortcut.
In the All folder, select (Legacy) Text.
Drag the video clip down onto a second track on the timeline.
Drag Heavy Outline to the first track.
Change the font to a smaller size, usually 36 or 48.
Switch to the Placement tab.
Set the Y value to 0.700 or 0.800 depending on the size of the font. If two lines of text are needed, each section can be adjusted individually.
Switch to the Effects tab.
In the Outline settings, click on the color box and set the RGB values to zero.
When finished, close the Video Media Generators window.
Adjust the length of the subtitles as needed.
To create more subtitles, copy and paste the original section to a new location on the timeline and choose to Create a new copy of the source media.