Hi

Can anyone tell me why this formula shows #Value in the cell

=IF('[2008.xlsb]Play-Off'!$I$3:$I$4="","Winner",IF('[2008.xlsb]Play-
Off'!$J$3:$J$4'[2008.xlsb]Play-Off'!$J$5:$J$6,'[2008.xlsb]Play-Off'!$G
$4,'[2008.xlsb]Play-Off'!$G$6))

I have both workbooks/files open and when building the formula, click
across to '2008' to pick the cells I want to reference.

The 'Evaluate Formula' tool indicates it is the first IF statement at
fault.
If I do this across sheets of the same workbook it works OK

Thanks
Neil