Hi Harald,

Thanks for the codes. It worked well as a workaround solution. I hope
Microsoft will address this issue on the next Excel version. I still can't
believe it that one linked picture in any opened workbook can slow down
noticeably any macro run, even in the different workbook and what really
amazes me the macro has nothing to do with the linked pictures. It seems
there is a memory leak somewhere if you open a workbook that has linked
pictures.

Once again thanks for the workaround solution.