As I said previously, all the content can exist in a single file. Simply bookmark the ranges spanned by the various bits and use the bookmark references in the corresponding INCLUDETEXT fields. If one of the companies needs a bookmarked range the other doesn't, simply insert a corresponding empty bookmark into the second company's document. There is no need for an IF field. Neither is there any need for the DocVariable.
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Cheers,
Paul Edstein
[Fmr MS MVP - Word]
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