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Default Sources Used in Data Validation

Hi, I hope someone can help me. I'm using Excel 2002 I have the following
master formula in a data validation for one of my drop downs. The first part
of my IF statement are defined names, which are formulas in itself. When I
try to accept the below validation, I get an error message that states: You
may not use unions,intersections, or array constraints for Data Validation
criteria. Can I not use defined names. I don't have another choice because if
try to include it all, I've reached the max characters????

Master Formula:
=IF((WARRANTOFF,PAYBANDONE,PAYBANDTHREE),(IF((OR(B 5="CC",B5="NF")),SIX,(IF((OR(B5="AS",B5="PS")),SEV EN,(IF((OR(B5="E",B5="WN")),NINE,(IF((B5="O"),TEN, (IF((B5="WD"),ELEVEN,(IF((OR(B5="GS",B5="NA",B5="N L",B5="WG",B5="WL")),FIFTEEN,NINETEEN))))))))))))) )

Named formulas
WARRANTOFF =IF(B5="W"),FOUR
PAYBANDONE =IF(B5="YP"),ONE
PAYBANDTHREE =IF((OR(B5="YA",B5="YB",B5="YC")))

Thank you!
 
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