How to: Erase annotations (notes and drawings) during a slide show.
Solution:
Use the 'Show Popup' menu to select 'Erase Pen'.
1) Click right mouse button. (The Show shortcut menu appears.)
Show shortcut menu
2) Select 'Pointer Options'. (A submenu appears.)
3) Select 'Screen'. (A submenu appears.)
4) Select 'Erase Pen'. (Annotations disappear.)
NOTE 1: 'E' can also be pressed, to delete annotations.
NOTE 2: Annotations automatically disappear when moving to the next slide.