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That is what I'm looking for, but I do not have the Desktop Advanced license required. Is there a way to do a similar function with a Desktop Basic license?
I see, I thought you had ArcInfo (Advanced) based on your original post. There isn't really a way to do it out of the box if you aren't at this license level. You could search through ArcScripts to see if there are any user submitted scripts that do a similar function.