Excel 2007 has no explicit command that you can use to create a watermark. However, there is a way to simulate a watermark using some of the commands on the Header & Footer Design Ribbon. For example, say you would like to mark all pages of a printed worksheet Confidential. Follow these steps:

  1. Click anywhere in the worksheet.
  2. Click the Insert tab and then click Header & Footer in the Text group.
  3. Under Header, click in the Center section on the Design tab of the Header & Footer Tools in the Header & Footer group.
  4. Click Picture, then navigate to the file containing the picture and click Insert as we’ve done in Figure A. (This example inserts a PNG file created from a WordArt object in a Word 2007 document.)

Figure A

  1. Click Format Picture in the Header & Footer group.
  2. Click the Picture tab and select Washout from the Color drop-down list (Figure B).

Figure B

  1. Click OK.

Excel will include the watermark on all printed pages of the worksheet (Figure C).

Figure C

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