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Default Macro not working in personal.xls

Is there a special rule in using call procedure macros in a
personal.xls project vs. a VBAproject assigned to a specific
worksheet? The following macro allows me to search col 3 until the
data runs out & parse out certain characters into col 4. This works
when the macro is setup for a specific but fails to run or give an
error when it's in personal.xls module. I have tried this in both
2003 & 2007 versions of excel. I would appreciate any help. Thanks.

Sub AccountType()
Dim s1 As Sheet1
Dim row As Integer
Dim sTemp As String

Set s1 = Sheet1

row = 4

Do Until s1.Cells(row, 1) = ""
sTemp = s1.Cells(row, 3)
sTemp = Right(sTemp, Len(sTemp) - 4)
s1.Cells(row, 4).Value = sTemp
row = row + 1
Loop
End Sub

 
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