Select the chart (if it's on a worksheet, you'll see black squares
on the sides and corners of the selected chart)
On the drawing toolbar, click the AutoShapes button
Choose Callouts, and click on one of the callout shapes
On the Chart, drag from the point out to where you want the comment
Release the mouse button
Type your comment where the cursor is flashing.

Christopher Anderson wrote:
How do I insert a comment on a graph. I want to call out something on the
graph. I have tried drawing an arrow and adding text by the arrow but it is
not part of the graph and is sent behind the graph when the graph is selected.

--
Debra Dalgleish
Excel FAQ, Tips & Book List
http://www.contextures.com/tiptech.html