I'm having a problem with text wrapping in a single cell. When I open up a
new Excel workbook and type in a sentence that goes past the cell width, the
text appears on the screen spanning columns (as you would expect). When I
format the cell and choose the Wrap Text option, the text disappears. When I
highlight that cell the text displays in the formula bar.

Adding an Alt-Enter to the middle or the end of the sentence makes no
difference and changing the Text Alignment makes no difference.

I have sent the file to other co-workers and it (both are 2003 SP2) shows
the text
as expected.

We have reinstalled Office and this problem still occurs.