To Create a Text Favorite

Make sure you are in a .dgnlib file that is located at a path defined in the MS_DGNLIBLIST_TEXTFAVORITES configuration variable.

Select the Place Text tool. The Text Editor window opens.
In the Text Editor window, enter the text that you want to save as a text favorite.
Select the text.
Right-click the selected text and choose Save Text Favorite. The text appears in a window below the Insert Favorite icon.
(Optional) Prefix the category of text favorite followed by a colon.
Enter a data point in the window. The text favorite is saved as a favorite and can be reused in your dgn file.