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Default Unable to display date correctly######dates and times are negative

Using Excel 2007. Inherited a spreadsheet with a column were the numbers are
7312008, which needs to be 07/31/2008. Current format shows "general". When
I choose format cell and change to date, I get ###### with an error that
shows times are negative. Making the column wider does no good, I just get
more ###'s.
 
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