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Default Dumb early binding question

Okay... here goes:

Do you have to use CreateObject with set in early binding? For instance, I
have this lovely bit of code:

Set OutApp = Outlook.Application
Set xl = Excel.Application
Set data = xl.Workbooks("Time Exception Master Data")

Is this consider early binding? Should I instead say "Get" and then the
document path? I am confused.

Thanks,
Nicole
 
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