How to display user defined string value using input dialogue on the gui,,, suppose user enters some string,,,and it will come to workspace,,,and i want to show those user defined string on the GUI
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First of all, look at Doug Hull's blogs on making GUIs. http://blogs.mathworks.com/videos/category/gui-or-guide/
The answer to your question is to make up a string, say with sprintf(), then use set() to send it to the text label control:
set(handles.text1, 'String', yourString);