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Default using a conditional in STDEV function

I would like to use the STDEV function on a set of cells that have been
indicated by a conditional statement. I have tried a variety of ways and have
not been able to get it to work using others suggestions. I am wondering if
anyone knows. I have Excel 2007, I am not sure if this has affected my
results. Below is one thing that I tried, that seemed to have worked for
others.

=STDEV(IF((C2:C204)*(P2:P2040),P2:P204,""))

When looking at the array it returns the value of 15 for every cell that is
in the specified range.
Thanks.
Researcher