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Default Linked Excel Spreadsheets

I have a master Excel spreadsheet with links in it going to other
spreadsheets. When I click on a link that's in use by another person it stats
that it's being modified and that I can either open as read only or cancel.
If I click on "Ok" to open as read only, the document hangs.

Of course If I open the linked document directly and can open the document
as read-only without a problem.

Is the lock-up of Excel caused because I'm trying to link to an already
opened Excel file, or am I way off base.

I'm using Excel 2003.

Thanks.


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