twistedstitcher, I can't remember where I got the design from, but I have had it awhile.
ladymyste, no it is not a builtin design. Your machine is very much like mine.
Here's how I make bookmarks... hoop WSS (water soluable stabilizer) and run the placement stitch for the applique. Then place 1 layer of ultrafirm stabilizer on top of the placement line, and 1 layer of sprayed (I use 505) fabric on top of that, and run the placement line again to hold the fabric in place. Then emb the design. After that, take the hoop off your machine DO NOT UNHOOP. Turn it over and place 1 layer of sprayed fabric on the placement line and put your hoop back on your machine. Run the placement line again, remove from machine again (still don't unhoop) and trim fabric and ultrafirm on both sides. Return to machine and run the tac down stitch and satin stitch. Then remove from hoop.