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Posted to microsoft.public.excel.worksheet.functions
Harlan Grove
 
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Default Recognizing #VALUE! as a condition in an IF Function Argument

N Harkawat wrote...
If you are only isolating for an error then this should do
=if(iserror(d3),"bark","bite")
However it will show "bark" for all instances of error like #N/A, #Div

....

So why not give the OP specifically what he asked for?

=IF(COUNT(1/(ERROR.TYPE(D3)=3)),"bark","bite")