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Default Lookup function when 'lookup_value' does not always exists

I am using the LOOKUP funtion for an array. Of my 300+ values I know that
about 20 'lookup_value'(s) don't exists in the array, but I don't want it to
find the next closest value. How can I test my array to see if the
'lookup_value' exists?
Thanks,
Ken
 
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