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Default VBA Slow Peformance on Formatting

I am using Excel 97 and have been trying to use macro to do formatting on certain cells based on the value (Conditional Formatting doesn't work as I have more then 5 conditions). The program works fine but it takes way too long to do it. For example, a procedure that completes in 10 second would take 50 seconds. Anyone knows why it takes this long? And how to speed it up?
 
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