There are some important things to know before you try this, though.
Make sure you have the right kind of transparency for the printer you are using. Since there are different types of transparencies, if you're using an inkjet printer, be sure you have transparencies made for an inkjet.
If there is a “rough” side to the transparency that is the side that you want to print on because it will adhere better. You can print backwards on the rough side. This way, you can have the smooth side up and provide additional protection for the ink on the transparency.
To add appeal to your transparency, sprinkle embossing powder on it while your ink is still “wet,” and heat emboss your lettering. Be careful to keep your heating tool a little bit further away so it doesn't pucker of melt your transparency.
There are many options for using transparencies for scrapbooking. A professional looking transparency will add a unique twist to your scrapbook page layout, so print carefully.