Plugin-tag: drop caps
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Dropcaps Shortcode and Widget
Create Dropcaps. Nice and easy interface. Insert anywhere in your site – page/post editor, sidebars, template files.
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Initial Letter
Initial Letter is a plugin that adds style options so you can change the size, color, and font of the first letter of each or all post paragraphs.
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Bukvycja
The Bukvycja plugin adds drop caps to your posts, pages and comments. It comes with some cool css styling and lots of options.