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Office -> Publish ->Create Handouts in Word

Edit the Handout in Word

This is so way cool, it deserves its own summary page.

The PowerPoint presentation was published to Word, so all of the best formatting tools are available to you. 

 

This is an excellent way to include your PowerPoint presentation into a report.

 

It is worth noting that PowerPoint has a Handout template that you can edit, the same as you can customize the Slide Master. To get there, you would go to View ->Handout Master.

 

View -> Handout Master