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This tutorial demonstrates how to add a watermark to a chart in Excel or PowerPoint by creating the watermark in PowerPoint and saving it as an image. The example given is a text box with formatted gray text rotated 45 degrees. To create a watermark, add a text box, make it larger (about 32 point font), write the desired text (e.g. "confidential"), make it bold, choose a medium to dark gray color, and rotate it 45 degrees counterclockwise. Hold the shift key before rotating the text box in PowerPoint.