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Caroline Caroline is offline
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Default Merged cells/Fitting text

Hi,
Using Excel 2003, I have merged cells into which I type or paste text. The
option "text wrap" is activated.
The text looks fine when the cursor is in the cell, but as soon as I get
out, it expands horizontally and gets cut off to the right. When open in
Excel 2007, everything looks good...
Any idea what's kicking it?