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Default HYPERLINK() FOR A SPECIFIC CELL IN A CLOSED WORK BOOK & SHORTCUT

TWO queries:

1:

=HYPERLINK("[C:\Documents and
Settings\Administrator\Desktop\DB-1207.xls]'CONSUMER &
CORPORATE'!c11",'C:\Documents and
Settings\Administrator\Desktop\[DB-1207.xls]CONSUMER & CORPORATE'!$C$11)

The above stated link is required not only to open the linked file
DB-1207.xls but also to select C11 in the sheet 'CONSUMER & CORPORATE',
however, even the workbook doesnot open.

What might be the reason?

2:

Typing such a HYPERLINK() Function is quite a lengthy exercise. Could there
be a shortcut or even a "Custom Function" so as to use the same utility by
typing:
=NewFuncName(x,y)

x & y being inserted by simply selecting cell instead of TYPING & PUNCHING

--

Best Regards,
FARAZ A. QURESHI
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