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Default Displays wrong result

For the following formula:

=MAX(VALUE(RIGHT($A$1:$A$22,8)))

....for a list of numbers

L00000001, L00000002, L00000003, L00000004, L00000005 ... L00000022

....the result displays correctly (The result is ...) on the bottom of the
Function dialog box. But when I click 'OK' to close the box and apply the
formula to the cell it displays something different ( 1).

The cell format is 'General'. Any ideas what I might have done wrong?

Thx in advance!
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FirstVette52
 
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