[Solid Edge Install Location]\Template\Reports\draftcallout.txt
Consider mapping to a shared file via File Locations from SE Settings -> Options -> File Location
When i'm saving call outs the font size doesnt save. I set it to 8 and save it but when i use the callout it reverts back to 3
edit: also callouts that were saved without leaders are showing leaders, the only thing that seems to have saved is the text only.