Sub Example
Dim oInlineShape As InlineShape
Application.ScreenUpdating = False
For Each oInlineShape In ActiveDocument.InlineShapes
With oInlineShape.Borders
.OutsideLineStyle = wdLineStyleSingle
.OutsideColorIndex = wdColorAutomatic
.OutsideLineWidth = wdLineWidth050pt
End With
Next
Application.ScreenUpdating = True
End Sub