Not sure about the HUGE part ... can you give me step by step repro instrux so I
can try it here?

But PPT, unlike Word, doesn't do inline graphics.  All graphics float over or
under text and other graphics.  The best suggestion I have to mimic this would
be to open up your text with however many spaces/linebreaks you need, then move
the graphic into place and finally select and group both text and graphic
(you'll need to do this with added text boxes, not the placeholders (click here
boxes), which can't be grouped with other shapes.

-----------------------------------------
Steve Rindsberg, PPT MVP
PPT FAQ:  www.pptfaq.com
PPTools:  www.pptools.com
================================================

Joseph, Steve gave a pretty good response but I have a few
additional suggestions:

1. We have a tutorial on using MathType with PowerPoint. This
tutorial may be helpful to you:
www.dessci.com/tutorials

2. One thing the tutorial mentions, but I'll mention it again
here, is that instead of using the PowerPoint placeholder (i.e.,
the place where you type your bullet text), you can type the
bullet character, your text, and your equations or expressions
all in MathType. Be sure to switch to Text Style to type the
text, then back to Math Style for the equation. Also, there's no
line-wrapping in MathType, so you'll have to enter manual
linefeeds with the Enter key. Most PPT slides are 10" wide, so I
suggest making the line between 8" and 9" long.

3. As to the "HUGE" problem, I'm not really sure what you mean
either, but I'll just state the obvious, just in case. To change
the size of MathType objects, don't click and drag the corner of
the equation object. Use the "Define" command in MathType's Size
menu. Set the Full size to be the same as the size of your text
(probably either 28pt or 32pt), and leave the other items alone.
When you go back to Word, switch it back to 12pt or whatever size
you use for your Word docs. You can also save these settings as
preference files, but rather than make a long post even longer,
I'll just state that this information is in your Help file or
MathType User Manual.