Believe it or not, shapes containing text in Word have no setting for
Vertical Alignment (even though the implementation in other MS programs
includes it).
Horizontal is simply a matter of using the Center Alignment icon on the
Formatting Toolbar while the shape is selected, but to adjust vertical
position of the text you have to use "empty paragraphs" (Enter key),
Format>Paragraph>Spacing Before:, or Format>AutoShape>Text Box - set the Top
margin to move the text down.
HTH |:>)