A couple of people have posted that setting the hyperlink base will stop this
"helpful" behavior.

File|properties|summary tab
Hyperlink Base: C:\

(C:\ should be available)

=====
I've never had any trouble at all with the =hyperlink() worksheet function.

maperalia wrote:

I have a list of files in one sheet. Each file has hyperlink with differents
paths. However, the hyperlinks that were pointed to the share directories do
not work. The only hyperlinks tha work are located in the hard drive and my
private drive.
Does anybody know how to fix this problem.

Thanks in advance.
Maperalia

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Dave Peterson