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Default Target Offset?

Excel 2002, Win XP
Chip Pearson responded to a poster with a Worksheet_Change event macro that
included the line:
Target(1, 4).Value = Now
The Target(1,4) term is new to me. I played with it and it acts like an
Offset of (0,3).
What does the (1,4) in Target(1,4) mean? Thanks for your help. Otto


 
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