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Default VLOOKUP & INDIRECT

I read some other posts but I still can't get this to work...
in cell A1 is fred
in cell B1 is =VLOOKUP(A1,'C:\Documents and Settings\gy\My Documents\one
1.xls'!peeps,2)
where peeps is a named range - this WORKS FINE!
But what I really want to do is have the 'C:\Documents and Settings\gy\My
Documents\one 1.xls'!peeps in a cell, because I want to be able to change the
path using VBA (this is a test sheet, I need to look at last months data, and
the folders are of the format yymm mmm)

My expectation was that I shuld be able to have in cell C1
'C:\Documents and Settings\graham.yetton\My Documents\one 1.xls'!peeps
and in C2 =VLOOKUP(A1,INDIRECT(C1),2)
But it doesn't work

Can anyone tell ne why?
Please

 
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