Turn on labels for 3D elements

I have a DGN in which I have a reality model (3SM) and a number of 3D shapefiles. The shapefiles have a number of different attributes. Does anyone know if it is possible to turn on 3D labels that link to one more of  the attributes of the shapefiles? For example, one shapefile is a series of points representing chainage markers. Would it be possible to turn on some 3D labels that float above these points?