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Default how do u get Excel file sizes smaller?What takes up so much space

Sometimes Excel files get incredibly big very fast apparently without
adequate reason. Once big one seems to never be able to get them smaller
again. Any ideas why and how to reduce? What are the factors that one must
avoid if one needs small files? (My current file has jumped to 42Mb and needs
to go back & forth over slow dial-up lines. Zip only reduces it to 39Mb).
Thanks
 
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