It makes K5 and absolute reference, so the formula always looks at that
cell, have a look at Switch between relative, absolute, and mixed references
in help for more information


--
Paul B
Always backup your data before trying something new
Please post any response to the newsgroups so others can benefit from it
Feedback on answers is always appreciated!
Using Excel 2002 & 2003

"Coolbhims" wrote in message
...
Whats the significance of $ symbol in the above formula. What action it
performs.