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Default Excel 2007 LOOKUP Problem?

I have been using the LOOKUP function for a long time. It worked with very
little problems in Excel 2003. I am having a problem in Excel 2007. For
some reason it will not give me an exact match. It will only return a value
that is approximate. I have tried using VLOOKUP and INDEX with MATCH. Both
gave me N/A errors. Does anyone have any suggestions on how to get an exact
match using LOOKUP in Excel 2007? Thank you.
 
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