Here's a trick. The logo image and the background image have a strange relationship. The background is there and the logo appears and fades in slowly. You want to use part of the background behind the logo, but you want it to come in corrctly aligned. Here's the deal:
[1] finish your background image, don't add the logo text to it though.
[2] create your logo image, and drag the background image into the frame and line up the upper right corner, do not change any dimensions.
[3] Here's the problem. Aligning it this way will result in a slightly off-center logo and noticeable lines around it. What you need to do now is move the layer you dragged into the logo frame over to the right 5 PIXELS. Keep the upper edge aligned with the top of the frame and just move it to the right. This will correctly align it and it will fade in perfectly.
You can make the logo the pink transparent color and it will not appear at all, but the fade effect is hot and I always try to use it to it's full potential, it's kind of dramatic...