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Default Importing a single cell from one .xls to another

I'm hoping you can help me find a simple method to a problem.

I was importing a .xls file using the External Data tool into my
worksheet which worked find.

I now have a requirement to import data from reports generated each
day, so importing the whole of a sheet each day might not be the
simpliest method.

Is it possible to enter a single value from an .xls file:
e.g.: ='C:\...\desktop\[test.xls]Sheet1'!A1 //output e.g. 22
 
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