Use this command to specify a new label point for an object.
An object's label point is used as the reference point when you add text to an object during property alteration. By default, the label point is the centroid of the object. Use this command to specify a different label point.
Respond to the prompts:
Use any object selection method.
Enter new X and Y coordinates, separated by a comma.
To use this label point when inserting text during a property alteration, choose LABELPT from the Insert Point list in the Define Text dialog box.