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In this tutorial, we will learn how to create a Microsoft Word document using dynamic fields. Text in red needs to be entered manually, but we will use MS Word's bookmarks and fields to update these dynamically. The process involves creating bookmarks and fields, then linking the fields to the bookmark values. Bookmarks are created by clicking on insert, links, and bookmarks. The bookmark names can be set accordingly for each field. Once the bookmark sections are created, fields can be linked to the bookmark values to update dynamically.