The picture marker symbol in a geodatabase annotation feature class is not saved when an annotation feature class is created using ArcGIS Desktop 10.1.

Additional Information

Workaround

Use the Symbol Substitution option in an ArcMap document:

1. Open the ArcMap document containing the annotation feature class.
2. Right-click the annotation feature class > Properties.
3. Select the Symbology Tab.
4. Under Symbol Substitution, select Substitute individual symbols in the symbol collection.
5. Select the appropriate annotation class > Properties.
6. Select the picture marker > OK.
7. Select OK in the Layer Properties dialog box.
8. Save the map document.

Steps to Reproduce