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Default Thought this was a simple formula

This is the first time I've been asked to do a formula in over a year and
since we got Vista. I have the following formula:

=IF(AND(F9=1, P9=3.5),0.654,0)*M9

In my spreadsheet F9 is 1 and P9 is 3.5, so I want it to multiply .654 by
M9. However, it is giving 0, which would be the answer if F9 was not 1 or P9
was not 3.5. I cannot see anything wrong in the formula. What am I missing?
Thanks in advance.
 
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