If your elements are cells, then I'm sure that Steve Young's "Cell Whiz" will do what you need. http://www.acsnb.com/downloads.php
For text, try TextUtils from the same site.
Microstation 08.11.09.829Power GeoPak 08.11.09.878Power InRoads 08.11.07.615
MaryB:There is an MVBA floating out there called Angle Assistant - it can rotate text and cells. Actually, it does a number of nifty little things. I can't find it right now...I seem to recall it came from the old Inga site...
As near as I can tell, it works in V8 2004 Edition, V8 XM Edition, V8i and V8i SS1.