convert labels to annotation

Discussion created by kirbyp85 on Mar 30, 2011
Latest reply on Mar 30, 2011 by jskinner-esristaff
In arcmap, you have the ability to right click on a layer that is labeled and select 'Convert Labels to Annotation'.  You then get the ability to specify if you want the annotation to be feature linked or if you want to append an existing feature class.

I don't see a way of doing this with python?  I'm hoping the functionality exists, but I can't find it.