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Default Check to see if a value exists in a list?

Hi and thanks again for your help out there...
Is there any function to test if a particular value exists in a list?
A simple example: Column A1= car; A2=train; A3=plane

In B2 I place "car". Is there a function which will return TRUE if B2 exists
in A1:A3, or false otherwise?

Thanks
Pradhan
 
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