I have create a parbox as below that I would like to have a margin between the border the text for top, bottom, left, and right:
\begin{center}\shadowbox{\parbox{0.85\textwidth}{text text text}}\end{center}
Can anyone enlighten me? Thanks!
The distance to the frame is controlled by \fboxsep. This can in fact be found in the documentation (PDF):
\documentclass{article}
\usepackage{fancybox}
\begin{document}
\begin{center}
\setlength\fboxsep{1cm}
\shadowbox{\parbox{0.85\textwidth}{text text text}}
\end{center}
\end{document}