[GIS] way to quickly reduce precision in a number of DOUBLE fields

arcgis-10.0databasedynamic

I was wondering if there is a way to reduce the precision for display of a DOUBLE field of a number of fields, in a shapefile. I have 25 fields and would like to do it as automatically as possible but I'm not certain where to start. I don't particularly want to create new fields and transfer over the values manually. I am displaying the text using dynamic text on data driven pages . I just want to display it with two rather than 5-6 decimal places.

This is what the attribute table looks like, along with the relevant portion of layout:

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Here is the field properties box:
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Best Answer

A couple of ways to accomplish these types of tasks.
1. Round ([myfield], 2) This works for field calculator, labeling, etc.
2. in the layer dialog left click the label column and select format labels
3. select the number format in the field properties and change the number of decimals.

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