In addition to Sergey:
press Alt+Enter on the label selected. (works on every object on the report)

Update:
Alt+Enter is properties on Windows Explorer too.

Agnes
>Hi,
>
>I probably haven't had to cobble together a VFP report in about five years and I've come against the same problem now that I had then:
>How does one edit the text of an existing 'Label' item.
>All I remember is that the answer was simple but not intuitive :={
>
>TIA,
>Viv