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In order to compress a Microsoft PowerPoint file, start by compressing all images in the presentation. Click on any image, go to Picture Tools Format, and choose Compress Pictures. Keep the top two boxes checked and select Use default resolution. This will reduce image resolution and file size. Next, go to File Save As, choose Save Options, and select Discard editing data. Change Default resolution to a lower setting to save space. Save the presentation as a new file to create a smaller PowerPoint file.