Collaboration MSOfficeWord 2007 Tutorial

Click the Review tab. 
          Click the Track Changes button. 
          Then click Change Tracking Options.

Specify the markup options:
Insertions: Marks inserted text.
Deletions: Marks deleted text.
Formatting: Marks formatting changes.
Changed Lines: Sets the location of vertical line that marks changed paragraphs.
Comments Color: Sets the color applied to all comments.

Specify the balloons options:

Use Balloons (Print and Web Layout). 
          Sets display option for balloons.
Preferred width: Sets balloon width.
Margin: Sets margin location for balloons.

Click OK.