It does what the OP asked for - find & replace a nominated string in all documents in a folder. The results will be in the updated files.

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Cheers,
Paul Edstein
[Fmr MS MVP - Word]

I asked because I could not see results, and thought I’m not understanding how it works.
Your macro code includes: .Replacement.Text = "^&"

question1: Is “^&” a code? When I changed this to .Replacement.Text = “XX” I could see my target files were changed. But I couldn’t see changes with “^&”.

question2. What is the “Find/Replace” list that you mentioned?

question3: I understood the OP was asking for “find”, not “find/replace”. That’s what I was looking for also. There are several ways to report finds to the user. One is to stop at the first occurrence and display the document (the page, with the found word highlighted). This is helpful when the user wants to read the page, but does not want to replace anything. Has that option been discussed here?

Thanks for your help.