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Default TRYING TO COMBINE FORMULAS INTO AN "OR" FORMULA

Im trying to create a formula that combines and evaluates two sub-formulas
and returns a different result depending on which of the two evaluates to
true. Here is a description of the two conditions and the formulas that work
correctly for each condition:

1. If B1 is €œET€ or €œIT€, €œYES€ is returned in A1 (otherwise €œNO€)
=IF(OR(B1="ET",B1="IT"), "YES","NO")

2. If B1 is blank, then €œ-€ (that is just a dash) is returned in A1.
=IF((ISBLANK(B1)),"-")

What I cannot figure out is how to combine the two into one larger formula.
The combination needs to be some kind of OR formula since one or the other of
the two needs to calculate. Thanks for your assistance.

--
William
 
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