Use this formula:

=date(year(a1)+2,month(a1)+1,0)

Regards,
Fred.

"Mac55" wrote in message
...
How would you dtermine a date 2 years into the future and taken to the 1st
of
the following month if that date does not occur on the 1st of the month.

For example, hire date is 7/18/08 and I want determine a promotion date
that
is 2 years from the hire date. Then because we only give promotions on
the
1st day of the month, the example promotion date would be 8/1/10.

What formula would I use to automatically calculate this?

New to date functions.