Here’s a terrific tutorial I found for using drop caps for your blog posts. I have been wanting to do this on one of my blogs for quite a while! It’s for Blogger blogs, but saavy bloggers could figure out how to do this with WordPress. I am going to tinker with it! Drop Caps look so classy. 
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Mine is a Blogger blog. I would like to use Drop Caps, but until your post, I haven’t found any reference to them and how to make use of them.