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Default How do I reformat data into ranges

I have an Exel file with 2 columns. The 1st column has over 40,000 different
values, the 2nd has only 5. I need to create ranges showing the Column A
values in ranges, i.e 1 thru 250=1. 251 thru 750=2. 750 thru 1250=1 etc. How
can this be done?
 
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