When coverage, CAD, SDE 3, VPF, or PC ARC/INFO annotation is imported into a feature-linked annotation feature class, a relationship class is created, but the annotation features are not automatically linked to their features. If the annotation feature class you imported has a field that relates to a field in the feature class to which you want to link, you can perform a join between the two feature classes and then use SQL to link the annotation to their features.
Learn more about the composite relationship between a feature class and its feature-linked annotation feature class.
Learn more about using feature-linked annotation.