In advance: Make fondant letters. Add 2 teaspoons Gum-Tex to 23 oz. fondant. Tint: 10 oz. yellow, 6 oz. violet, 7 oz. green. Roll out 1/8 in. thick as needed. Use patterns to cut O-n-e; set on waxed paper-covered boards. Tint remaining yellow, violet and green fondant a darker shade. Roll out 1/8 in. thick as needed. Cut 8 x 1/2 in. wide yellow strips. Attach, about 1 in. apart, using damp brush; trim as needed. Cut violet circles using smallest round Cut-Out; attach. Cut 8 x 1/4 in. wide green strips. Attach, about 3/4 in. apart; trim as needed. Reserve remaining dark fondant shades for bear hats. Brush letters with matching Pearl Dust.
Bake and cool 1-layer cakes. Using oval pan as a guide, trim end of sheet cake where oval ?O? cake will go (combined cakes will be 19 in. wide). Position cakes on prepared base board. Ice cakes smooth.
Pipe tip 12 bead bottom border. Position letters (?e? will extend about 1 in. beyond edge). Make and position fondant teddy bears.To make Teddy Bears: add 1/2 teaspoon Gum-Tex to 8 oz. chocolate fondant. Roll 1 in. to 1 1/2 in. balls to shape full and partial bodies; position on cake. Shape each arm (about 3/8 x 1 in. long) and leg (about 1/2 x 1/2 to 1 in. long). Attach in assorted poses using damp brush. Insert bear heads. For hats, roll reserved dark yellow, violet and green fondant into 1/2 in. balls; make two of each color. Shape into 3/4 in. high hats. Attach using Piping Gel. For pompoms, roll out fondant 1/8 in. thick. Cut a 1/2 x 1 in. wide strip. Use scissors to cut 3/4 in. deep slits, 1/8 in. apart. Roll strip and pinch uncut edge to secure; separate fringe. Attach to hat with Piping Gel.
* Combine Violet with Rose for violet shades shown.
* Combine Brown with Red-Red and Black for chocolate brown fondant shown.