Problem: Can't display PCArc/Info 4.0 annotation subclasses in ArcMap or ArcCatalog
PCArc/Info annotation subclasses are not available in ArcMap and ArcCatalog.
With PCArc/Info 4.0 (released November 2000), the annotation format changed to allow subclasses similar to workstation coverages.
Solution or Workaround
Upgrade to ArcGIS 8.2 since the issue has been resolved in this release.