How to fit text to shape without distortion?

[jakeort]

How can I accomplish this without the bending and distorting of the letters? I'd like to have them occupy the space but perhaps just be of decreasing heights as they move toward the ends of the ellipse

{Renamed by MOD}

[Monika Gause · Accepted solution]

Probably by using one of the prefarbicated envelopes

You should be able to recognize it by its icon.

[federico platon]

Make with Warp> Bulge