Answer
Annotation splined along an arc, with three or more points, displays differently with ArcGIS 8.1 in comparison to earlier versions. This occurs for features with a text justification of UR, CR, and LR.
This is a known issue and has been addressed in ArcGIS Version 8.1.2.
Article ID:000004453
Software:
- ArcMap 8 x
- Legacy Products