Please double check the version you are using... if you see this in your settings help, then you are using either version 3.3.0, 3.3.1 or 3.3.2. As from version 3.3.3, the module settings help is this:

About the Announcements Module

The Announcements Module produces a list of simple text announcements consisting of a title and brief description. Options include a read more link to a file, page or other site. Link click tracking and logging are also available. Announcements are ordered from newest to oldest, unless a view order is specified.

Module Specific Settings

There are 2 module specific settings available:

1. History Day(s): this is the number of days to display announcements for. Announcements published longer than the entered number of days ago will not be displayed. Eg. if you enter a value of 4, all announcements older than 4 days will not be displayed. If you leave this field blank, then all announcements will be displayed
2. Template: This is the template that is used to display each announcement. In this template you can use tokens to define where specific information of the announcement items should be placed. NOTE: all tokens are case sensitive, and should be capitals only.
   
   This is the default template:
   <span class="SubHead">[TITLE] - [PUBLISHDATE]</span><br>[DESCRIPTION] <a href="[URL]" target="[NEWWINDOW]">[MORE]</a><br>
   
   The following tokens can be used:

   [MODULEID]	This will display the moduleid of the module. TIP: You could use this value to use a module specific css classname, for instance like this: <span class="SubHead_[MODULEID]">[TITLE]</span>
   [TITLE]	This will display the announcement title
   [URL]	This will display the url the announcement should point to. In order to use this url as a clickable hyperlink, use something like this: <a href="[URL]">[MORE]</a>
   [NEWWINDOW]	This token can be used to open the link in a new window, based on the selection made in the announcement, for example: <a href="[URL]" target="[NEWWINDOW]">[MORE]</a>
   [DESCRIPTION]	This will display the announcement discription
   [CREATEDBYUSER]	This will display the displayname of the user that created the Announcement. NOTE: on sites with many users adding this token to a template will cause a performance hit, as for every Announcement a user record has to be found and displayed. Many announcements and many users will cause a large amount of extra database hits.
   [VIEWORDER]	This will show the view order of the item
   [CREATEDDATE]	This will show the item creation date, in localized long date forum
   [PUBLISHDATE]	This will show the item publish date, in localized long date forum
   [MORE]	This will display the "read more..." text, without hyperlink. A full read more hyperlink would look like this: <a href="[URL]" target="[NEWWINDOW]">[MORE]</a>

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