Don't worry it's still there!
Select a picture - Picture Tools > Recolor > Set transparent color
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Amazing PPT Hints, Tips and Tutorials
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"Paperboy" wrote:
> In the last PowerPoint version before 2007 there used to be a "magic wand"
> that would remove the background from around an inserted graphic. I have a
> slide background element and I want to paste our company logo over this
> image. Magic wand was a nice way to remove the white background and leave
> just the logo elements.
> Is this feature still available??