Once you have typed your text in, you are free to format any or all of the text in the same way as a word processor: select the text in question and make the appropriate changes. Take a look at the following title
Currently, the font is Impact, the font size is 44, and the color is light blue. We'll
higlight the word "Welcome", change the font to Times New Roman, change the size
to 54, and change the font color to violet. The font and font size are on the Formatting
toolbar at the top of the screen. The text color button, located in the Drawing toolbar at
the bottom of the screen, looks like this. 
If you want to back out of the changes, you can use the Undo button on the
toolbar. 
In PowerPoint 97, the
Undo button can reverse up to the last 150 actions, although the typical default
setting is 20.
If you want to affect changes to an entire placeholder, it should have a border surrounding it. The boxes in each corner and each side of the placeholder are called RESIZE HANDLES. These allow you to make the placeholder larger or smaller. They also indicate that the object is selected. Watch as the entire title is made Times New Roman font, 48 point size, and text color of violet. (click on the thumbnail image)
NOTE: there are also buttons to increase or decrease the size of the font to
the next popular size. The Increase Font Size and Decrease Font Size buttons
give the advantage of
comparing one piece of text versus another piece if you are not certain what
font size to use.
Another feature of PowerPoint is something found in many applications: the ability to
copy formatting from one piece of text to another. In PowerPoint, after selecting the text
containing the formats, you use the Format Painter button. 
This will turn your pointer into a paintbrush. When
that paintbrush is dragged across another piece of text, the new piece of text receives
the formatting.
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