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Default IS BLANK checking 2 Cells

I have a statement -
to check if both cells are blank then I need to populate with Not Assigned,
if anyone of the cells is not blank then I need it to populate with Assigned.

Here is the formula but it is not working
=IF(OR(ISBLANK(AD2),ISBLANK(AE2)),"Not Assigned", "Assigned")
if one of the cells is not blank it popluates with NOT assigned but I want
it to show Assigned.

Thanks

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mmk
 
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