My first guess is that you have a macro that's taken over the function of
ctrl-v.

If you close excel and restart in safe mode, do you have the same problem?

close excel
windows start button|run
type:
excel /safe

and test it out.

If it is a macro that's stealing the function, you'll have to do some detective
work.

Chip Pearson has some notes on how to diagnose startup errors:
http://www.cpearson.com/excel/StartupErrors.htm

And Jan Karel Pieterse has more notes:
http://www.jkp-ads.com/Articles/StartupProblems.asp

Litter wrote:

Hi there,
I'm having problems with the shortcut for paste (ctrl+v) as it asks me to
delete cell instead of pasting them. Do anyone have a solution to this
problem. Maybe reset all the shortcut keys would help, but I don't know how
to do it?

--

Dave Peterson