About Announcements list
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Use the Announcements list to post information you want team members to see as soon as they go to your SharePoint team Web site. By default, a view of the Announcements list, showing the five most recent announcements, appears on the home page of your team Web site.
The Announcements list provides some features to make it easy to communicate effectively:
The five most recent announcements are displayed on the home page, but all the announcements in the list are available on the Announcements page.
You can set an expiration date for an announcement. When the expiration date is reached, the announcement disappears from the home page automatically. However, it is still available on the Announcements page.