AviSub is an freeware tool that can mux up to three [srt/sub/txt(microdvd) or vobsubs] subtitle streams on an avi file.
Generates an *.divx file with embed xsubs from an regular avi. Uses the latest tecnology of the divx6 codec.
You can watch your’s divx films with subtitles on your divx6 compatible hardware player !
The operation takes only 5 minutes !!!
Download: AviSub 2.2