AutoShapes: If you haven’t experimented with this handy feature in Excel, now is the time to see how it works. Let’s imagine that you’ve just finished a worksheet that contains a chart. You can add labels to the chart to make it easier for people to read. But you could also use some AutoShapes to enhance the appearance of the worksheet.
Look at the Drawing toolbar at the bottom of the Excel window. If you don’t have a Drawing toolbar, choose View, Toolbars, Drawing. In the Drawing toolbar, click AutoShapes. When the list expands, select Callouts and then select the one of your choice. Now use the mouse to draw the shape.
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Once the callout is in place, use the mouse to drag its pointer near one of your chart elements. Type in the information about the element the callout points to, and then use the mouse to size the callout box. This is a very effective way to label chart elements for a presentation.