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Flash Player 8
Flash Player 9(AS3 version)
myTextEditor.undoLevels:Number
Property; indicates number of undo levels. The default value is 0.
Note: When working with long text files, be careful not to set this value too high for memory performance reasons.
The following example sets the undoLevels property of component to 5 :
myTextEditor.undoLevels = 5;