You need to nest the conditional statements. It is not clear what your first
statement requires in respect to VBF and null, however see
{IF{MERGEFIELD MF1}="VBF1" "{IF {MERGEFIELD MF2}>=10000 "Text 1" "Text 2"}"
"Text2"}

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Graham Mayor - Word MVP
My web site www.gmayor.com
Word MVP web site http://word.mvps.org
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> I would like to be able to have an AND condition in my if
> statement. Is this possible?
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>
> Del