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Bliss Bliss is offline
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Default Compatibility Mode Conditional Formatting

Having trouble with conditional formats with compatibility mode. I know only
3 apply if the sheet is to be used with 01/03, so I have three color-coding
conditions, but also some of my formulas are folded into ISERROR formulas.
Does Excel count an ISERROR formula as one of the three conditional formats
in compatibility mode?