A family of Microsoft presentation graphics products that offer tools for creating presentations and adding graphic effects like multimedia objects and special effects with text.
User 01,
There is no such feature in PPT like you have in Word. But if you are making your own textbox you can group it with the picture. Then you can move around your picture and the textbox will follow. Providing the picture is not in a placeholder that is, you can't group objects with a placeholder.
Luc Sanders
MVP - PPT