Thanks a lot, that makes it really clear!

-----Original Message-----
If I right click on an Excel template, the top two
options are New and Open,
in that order. New is in bold, indicating, as is the
Windows standard, that
New is the default action -- that is, New is the action
that occurs if the
object is "executed" -- double-clicked or selected then
Enter pressed. New,
as has been said, opens a new workbook based upon the
template, NOT the
template itself. On the other hand, Open opens the
template itself. Use New
when you want a new workbook based on the template. Use
Open when you want
to modify the template itself. (This usage of New and
Open is consistent within Excel also.)