What is the donut solution
Greetings -
I am using ArcGIS 10.1 and this issues still exists. I have tried several work arounds but the text/annotation still bleeds into the margins. Some of the work arounds tried are exporting to various extents. The jpg mentioned in an earlier thread did not work for me. I also tried to print to PDF, that did not work.
Until the bug is fixed the donut solution seems to be it.
SOLUTION (at least for me): I had the same problem with annotations showing up outside the data frame when both exporting to .pdf and when printing the .mxd straight from Arc. Even using a .pdf printer did not fix it. I grouped all my layers into one large group in the data frame and the problem was solved. I have wasted so much time on this.
PLEASE FIX THIS ESRI!