Transparent user controls

hi,
I'm trying to create a label like object which can display text with its background transparent. I'm not using the label control because the Zorder of the label control cannot be made 0, it always resides below all the other objects, whereas i want it to be on top of other objects too. Thats why i thought of creating an activeX.
Firstly i tried putting a label on the usercontrol and then made its backstyle transparent as well as the user controls backstyle transparent too, but it did'nt work! The control is displyed but the label is no where to be found.
Any idea about getting a solution to this?
Jayant

no one yet:(