That's where your conceptual difficulty is - since you're working with the end of the document your new paragraph is inserted before the final paragraph break. You can't insert one after the final paragraph break. Thus, the one you inserted isn't the last one, but the second-last. As I said in my last post:
When your alternate method of referencing the last paragraph via 'Set p = .Paragraphs(.Paragraphs.Count)' is invoked, that's after you had added the new paragraph (before the final one).

PS If you want to reference the last paragraph, you could also use 'Set p = .Paragraphs.Last'.

__________________
Cheers,
Paul Edstein
[Fmr MS MVP - Word]