We have a file that links to several spreadsheets in a different folder.
Each month we save the info into a new folder for that month. So instead of
looking to February 28, 2006 it is looking to March 31, 2006 Prelim.

When we try to do "update links" to change the source to the new file in the
new folder. It hangs up excel (just sits there for 20-30 minutes). The file
is somewhat large (3000 rows & 26 columns across) to link.

We have done this in the middle of March with no problems. It takes a
little bit to update, but does go through. We have tried restarting the
computer, in case it is a server connection issue, but after 14 times, we
have given up.

We resorted to highlighting a section of the file and doing a search &
replace to get it to the updated file name/location. This works, but again,
it is extremely slow. I only selected 15 rows & it took about 5 minutes to
update.

Is there anything that might be causing the slow processing. It is just
linking to a cell (no complicated formulas).

Thanks