How to decrease linespacing in text field

[blessed_spot]

Hi, 

I have set linespacing to single for my static text field but still it's much. How can I decrease that? 

When I add this line to XML:

 <paragraph lineSpacing="Proportional" lineSpacingSize="0.4"/>

I get an error:

 Invalid content was found starting with element 'paragraph'. No child element is expected at this point.
   

I add that line between <textElement> as: 

<textElement>
                    <font fontName="Verdana" size="10"/>
                     <paragraph lineSpacing="Proportional" lineSpacingSize="0.4"/>
                </textElement>

[honeybakliwal]

<paragraph lineSpacing="AtLeast" lineSpacingSize="0.03" leftIndent="5"/>