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Default Excel not calculating

I have an issue with a workbook I'm developing in that the "Calculate"
message stays in the status bar even though I have switched to
Automatic recalculation. I have a feeling that this may be a
circular reference issue, that I've seem reference to before, but
cannot find any help when I do a Google search with various iterations
of my heading. A circular reference message does not appear in the
statusbar.

If someone can, it would be appreciated.

TIA
Ron
 
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