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Microsoft Visual Studio .NET controls are the
graphical tools you use to build the user
interface of a VB.Net program. Labels are
one of the most frequently used Visual Basic
control.
A Label control lets you place descriptive
text , where the text does not need to be
changed by the user. The Label class is
defined in the System.Windows.Forms
namespace.
Add a Label control to the form. Click Label in
the Toolbox and drag it over the forms
Designer and drop it in the desired location.
If you want to change the display text of the
Label, you have to set a new text to the Text
property of Label.
continue reading: http://tutorialslodge.com/label-control/