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rekha sharmarekha sharma 

How to get picklist value in formula


Picklist values are part of application metadata and cannot be changed from Apex. You can, however, use metadata API from outside the platform to do this. refered here .... http://boards.developerforce.com/t5/Apex-Code-Development/Is-it-possible-to-add-values-in-picklist-field-via-apex-api/m-p/158592#M23262


How to use metadata API to add/edit/delete picklist values.