The final conclusion is text box gets locked during track changes.
Thanks for the info.

On Fri, Sep 10, 2010 at 9:50 AM, P.VIJAYKUMAR <vijay.4...@gmail.com> wrote:
> Hello,
>
> You can use change tracking to log details about workbook changes every time
> that you save a workbook. This change history (change history: In a shared
> workbook, information that is maintained about changes made in past editing
> sessions. The information includes the name of the person who made each
> change, when the change was made, and what data was changed.) can help you
> identify any changes that were made to the data in the workbook, and you can
> then accept or reject those changes. Change tracking is especially useful
> when several users edit a workbook. It is also useful when you submit a
> workbook to reviewers for comments, and then want to merge the input that
> you receive into one copy of that workbook, incorporating the changes and
> comments that you want to keep.
>
> How change tracking works
>
> Change tracking is available only in shared workbooks. In fact, when you
> turn on change tracking, the workbook automatically becomes a shared
> workbook. Although a shared workbook is typically stored in a location where
> other users can access it, you can also track changes in a local copy of a
> shared workbook.
>
> When changes are made in the shared workbook, you can view the change
> history directly on the worksheet or on a separate history worksheet
> (History worksheet: A separate worksheet that lists changes being tracked in
> a shared workbook, including the name of the person who made the change,
> when and where it was made, what data was deleted or replaced, and how
> conflicts were resolved.). Either way, you can instantly review the details
> of each change. For example, you can see who made the change, what type of
> change was made, when it was made, what cells were affected, and what data
> was added or deleted.
>
> When you use change tracking, you should consider the following:
>
> Change tracking differs from undo and backup    You might expect that change
> tracking creates a backup copy of the workbook before changes are made, or
> that you can undo any of those changes. Unfortunately, you cannot use the
> change history to back out of changes by undoing them or by restoring an
> earlier version of the workbook. However, the history worksheet includes a
> record of all deleted data so that you can copy that data back to the
> original cells in the shared workbook. Because change tracking is not
> designed to help you return to earlier versions of a workbook, you should
> continue to back up workbooks that have change tracking in effect.
> Some types of changes are not tracked    Changes that you make to cell
> contents are tracked, but other changes, such as formatting changes, are not
> tracked. Some Microsoft Office Excel features are unavailable in shared
> workbooks, and therefore cannot be tracked.
>
> So when you track changes the workbook automatically becomes shared and text
> book is a formatting change and  formatting changes are not tracked, so when
> you do track changes text box becomes locked.Hopes this  clears your doubt.
> Thanks & Regards,
> P.VIJAY KUMAR

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