NOTE: You can create feature-linked annotation only in ArcInfo and ArcEditor.
In ArcMap, you can convert dynamic labels to standard or feature-linked annotation features. If you're unsure whether to convert to standard or feature-linked annotation, see
Annotation in the geodatabase.
You can convert labels to standard annotation features from any
with a geodatabase, coverage, shapefile, or CAD feature class data source. You can create a new standard annotation feature class or add the new annotation to an existing one.
To convert to feature-linked annotation, the layer being labeled must have a geodatabase feature class data source. Unlike when you convert to standard annotation, you always create a new feature-linked annotation feature class in the process—you cannot add the new annotation to an existing feature-linked annotation feature class. The new annotation feature class is created in the same feature dataset as the geodatabase feature class you are labeling or at the root level of the geodatabase if the feature class you are labeling is at the root level of a geodatabase.