Insert WordArt into Word
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On the Insert tab, select WordArt.
Choose the style you like, and then enter your text.
Tip: To convert existing text to WordArt, select the text, and then select Insert > WordArt.
Change the color
Select the WordArt.
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On the Format tab, select Text Fill and Text Outline.
Choose a text effect
Select the WordArt.
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On the Format tab, select Text Effects.
Rotate it
Select the WordArt.
Select the rotation handle and drag it.
Source: Microsoft