Embed a Microsoft Word document in your Microsoft Excel spreadsheet and access it with a few mouse clicks during a presentation. Alternatively, you can choose to link to a document from a spreadsheet if you want to automatically update the data in Excel when you edit the document in Word.
Open the Microsoft Excel spreadsheet that you want to edit, switch to the Insert tab and click the Object button in the Text group to display the Object dialog.
Switch to the Create From File tab, click the Browse button and use the file browser to select the Word document that you want to embed in the spreadsheet.
Check the Link to File box if you want to link to the document. Changes to the linked document are reflected in the Excel spreadsheet. Check the Display as Icon if you want to display an icon instead of the first page of the document; double-clicking the icon opens the document in Microsoft Word.
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Click OK to embed the Word document in the spreadsheet.
Verify the embedded document. If you aren't satisfied with the result, press Ctrl-Z to undo the changes to the spreadsheet. To resize the embedded document, drag the resize handles on the sides of the document. To change the appearance of the object in Excel, right-click it and select Format Object from the context menu. Among other things, you can change the object's colors, lines and size.