Check Excel Help for VLOOKUP and HLOOKUP.
Those functions have a 4th argument, range_lookup, that dictates the type of
match.
If that argument is TRUE or omitted, those formulas use an approximate
match. However, the list must be sorted in ascending order. Your list is not
sorted.

If you add the 4th arugment value of FALSE (or 0) you'll get the correct
values returned.

The LOOKUP function requires the list to be sorted.

Does that help?

Regards,

Ron Coderre
Microsoft MVP (Excel)

"Raghavendran" wrote in message
...
Hi,

I am using Microsoft Excel 2004 for mac version 11.3.5
I encounter strange problem of LOOKUP returning incorrect results.
Following
is the simplified version of data and the problem.

TRUE A A
FALSE P R
FALSE F N
FALSE C D
TRUE C C
FALSE P Q
TRUE E E
TRUE G G
TRUE H H
TRUE I I
FALSE K L
TRUE K K
TRUE M M
FALSE E F
TRUE P P
TRUE S S
TRUE T T
TRUE W W
TRUE Y Y
FALSE T V

In column 3, you will find Data array.
column 2 is the result of the formula = =VLOOKUP($C3;$C$3:$C$22;1)
column 1 is the result of the formula = EXACT($B3;$C3)

The problem with VLOOKUP (also with LOOKUP, HLOOKUP) is it recognizes
texts
R,N,D,Q,L,F,V as P,F,C,P,K,E,T respectively. The above misrecognition
seems
to be only with the function LOOKUP as the function EXACT correctly
identifies mismatches in texts in column 2 and column 3 in the above
example.

Any idea of the source and/or correction for the above problem with LOOKUP
function will be deeply appreciated.

regards
raghav

P.S : The problem is reproducable with Microsoft Excel 2002, Windows XP
SP2.