How to re-assign text field placed inside the shape automatically?

Question

I have a masterplan with say 500 parcels, each has to be labeled with its area, each parcel is made of shape or complex shape, each labels is placed inside of the shape / complex shape. 
 I want to use text fields to set the parcel area value. the only way I can think of is to double-click on each text field, right click "reassign field", click the shape and confirm. which is quite boring and time consuming thing, not to mention there is high probability for error. 
 is there a way to reassign all the text fields automatically? I understand there is probably no such tool in MS directly, but how to do it via VBA or something else? either in V8i or CE 
 thanks

Lorys · Answer

LA Solutions did make an Area Annotator and Tagger for v8i ( used to be free) from memory it used tags which made it also great for doing reports and imports label ids as well as areas and send to text or csv and manipulate as tabulated data ie totals dates etc...but doesn't auto update, you have to rerun reports to get updates... 
 If your not fussed about it NOT being fields and Not Tags and just text, I have an old BAS for V8i that hijacks a free Select Bentley mdl called ATool.ma and uses a fence or selection it then labels the selected measured areas ( by the mdl)places the values at the centroid of all closed shapes in one go, but draw back is if you modify and shapes then you need to rerun it, I used to use this a lot for labelling proposed new subdivisions with existing title lots, the trick was to put the existing on a different level and turn them off then run the basic macro, but no ability to create reports and define from types ie commercial, residential , proposed etc only by level names that polygons are on or off...

How to re-assign text field placed inside the shape automatically?

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