I answered my own question. Drawing the CallOuts out side the chart keeps
the object from moving when the pointy end is move/reposition.

"Marilyn" wrote:

We created an Excel 2007 Chart and have inserted a few Call Outs in the
chart. When moving the pointy section (the yellow diamond) of the Call-Out
so that it points to a particular data series the entire Call-Out moves with
it.

Is there a way to stop this behavior?

Thanks,