How does the model library work?
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You can place the mouse cursor over the library update indicator in the Part Search panel to check the status:
Follow the instructions in the balloon. If there's no change, the checking is still on-going.
This means that there's no updates on your local drive that are ready to be installed. You can check if there's any on the server side if the computer is connected to the internet, just close and reopen PSpice for TI.
Finally, check the time stamp of your TI Model Library in PSpice for TI using the Help menu: