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Default AutoSave a WB copy everynight at midnight

We have a file that is updated constantly and would like to star
tracking the changes. I could make a macro that would easily save
copy everytime the file is edited by a user, but that would create
lot of files! Is there any way i could have the workbook saved to
particular location every day at midnight?

It would be saved as "myWB" & Date & ".xls" to keep the files uniquel
named

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