I'm no MVP but from what i have gathered.....

Obviously when Excel starts it asks if you want to disable macros.
Therefore any Macro driven protection would not execute if the use
disables macros.

In my experience anyway even VBA that is hidden and password protecte
can still be got at by anyone with a little know how or an exce
password remover application (of which many are commerciall
available).

I don't think there is anyway to make any excel file completel
secure.

These are only my thoughts but i'm sure an expert will reply to you
post shortly.

Remember Big Brother is watching you and mark my WORD he has ACCESS t
your EXCELlent files. The OUTLOOK is bleak !!

--
Message posted from http://www.ExcelForum.com