Here's our Microsoft Office Tip for.. September 4, 2000
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Character Formatting Shortcuts
When you're in the middle of entering text and need to change the formatting of a word or two, it's much faster to do it right from the keyboard than to use the mouse. Here are a few fast formatting tricks.

Ctrl-Shift-> increases the font size of the selected text; Ctrl-Shift-< decreases the font size of the selected text.

In both cases, when you change the font size, PowerPoint selects the next size from its list of standard font sizes (the one you see when you use the mouse to change the font size). If you'd rather pick your own exact font size, press Ctrl-Shift-P, then enter the font size you want and press Enter.

You can also press Ctrl-Shift-F and type the name of the font you want.