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Default ActiveWorkbook.SAVEAS for *.xls

I want to save a file in the 2003 version in the name of value of a cell.
What might be wrong with:

Sub SAVEAS()
ActiveWorkbook.SAVEAS "D:\New Folder\" & _
Range(Application.InputBox("SELECT", , , , , , , 8)).Text & ".xls", _
FileFormat:=xlExcel9795
End Sub

Your comments and guidance shall be appreciated.
--
Best Regards,

Faraz
 
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