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Default Issue with Shape(text box)

I have macro in my workbook (Excel2003) which breaks formula links for text
boxes present in the workbook. The code used for the same is
"shp.DrawingObject.Formula = Empty"

This works perfectly fine in Excle 2003 but, when run in Excel 2007 all the
textboxes whose formula link is broken lose the formatting.

I tried to search for DrawingObject information, but couldn't find anything.

Any help appreciated.

Thanks in advance.
 
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