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Default Create named ranges WITHOUT using the Names Cells or Range

Hey guys,
It's my first question here, and I have a good one, I think.
The scenario is: I need to create 54 thousand named ranges.

I want to find a solution to create them all (supposed we already have all
valid names to be created and their valid references to be used in what would
be the RefersTo).

I am able to create those names using:
Names.Add with all correct parameters
Range("xx").Name = "MyName"
Cells(x,y).Name = "MyName"

The problem is, my boss thinks that the 10 seconds that Excel takes to do it
are too much. So I was wondering if there is another way of using the whole
list at once to create all the names at once (maybe binarily in the file,
maybe load as XML, maybe using array, whatever). I need to bring this manes
creation down to as fast as it can get.

Any ideas?

Thanks,

Fernando Fernandes
 
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