Changing Panel Names for Gnome Menu Launcher ??

Hi;

I would like to change the names for the menu launcher that comes
pre-set on my upper panel. Currently I have "Applications Places
System". This launcher takes up 2.5" on my upper panel. I would like
to change the headings to "Apps Places Sys". That would probably give
me 1/2 to 3/4 inches of extra panel space.

Is there anyway I can safely do this without destroying any functions of
the menu? Is there a way to add menu headings to my gconf-editor so
that the headings can be controlled from there?
--
Regards Bill

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