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Default auto update function from workbook to another worksheet

I'm working on Excel file called Safetylight.xls then i want to call up
another workbook call book1.xls to automatic update safetylight.xls on some
rows. I mean whenever BOOK1.XLS change then safetylight.xls should pull
automatic update from it. I taught of using ='C:\My
Documents\excel\[book1.xls]Sheet1'!$A$1 OR VLOOKUP formula but i'm stuck.
please can you help me and advice on what to do. Please i will appreciate
urgent respond answer. Thanks alot.

 
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