Ok, well thank you for your ideas, although I came up with my own. Here's what I did:

Dim x As Integer
x = Len(txtcust_name.Text) - Len(txtcust_name.SelText)
txtcust_name.Text = Mid(txtcust_name.Text, 1, x)


And that effectively truncates the selected text from the string. But thank you for you ideas. And I hope they change this in VB7. It would be so much easier to be able to do it how I wanted to.

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Ryan