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Default Auto-populating cells depending on the value of other cells!

Hey all,

Does anyone know the code to auto-populate cell B1 with a "Y" if cell A1 has
"AA" in it, and cell B2 with a "Y" if cell A1 has "AB" in it? The cells in
column A could have anyhting between AA and AZ, but the corresponding column
B will always have a "Y" depending on which letters are in column A. Make
sense?! Sorry if its rather ambiguous, I'm crap at VBA and could use the help!
 
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