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Default Excel 2007 exponential slowdown

I have a routine that imports worksheets from an older version of my
companies software to the latest version. Using it in office 2000/2003
a sheet with about 200 rows takes about 20-30 seconds. In office 2007
it was taking close to 6 minutes. I have already made several changes
and gotten the time down to just over a minute, but I would like to
know if anyone has an idea of what would cause this slowdown.
A little background info: The procedure starts off fine but as it
progresses it takes longer and longer to process each row. It
basically sets the value for a cell in the new workbook to the value
of the coresponding cell in the old workbook. Oh yeah and the last
thing you should know...Its legacy code in VB6

 
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