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1. Right-click the selection rectangle (selection rectangle: A rectangle with sizing handles that surrounds a selected object or objects.) of the shape or text box (text box: A movable, resizable container for text or graphics. Use text boxes to position several blocks of text on a page or to give text a different orientation from other text in the document.) you want to change.
2. On the shortcut menu, click Format <object type>, and then click the Text Box tab.
3. Under Text Box Margins, adjust the measurements to increase or decrease the distance between the text and the outer border of the text box or a shape.

 Note   You cannot make rounded margins. To place text in a rounded shape, use AutoShapes.