"Vertical alignment - bottom" does not work



I've recently upgraded to Excel 2007 and I'm having a problem with vertical
alignment. There are long wrapped texts in some cells. I want only one line
of text to be seen in the cells, and I need that line to be the bottom one.
When the text length is more than two lines, one of the middle lines is
displayed when vertical alignment is adjusted to bottom. How can I correct

Has anyone met the same problem? I found out that this was a problem with
some older versions, but I couldn't find any information related to Excel

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