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Default Merging cells and formats

I use Excel 2003.
I have a worksheet in which A1="A", B1="B", C1="C".
B1 is bold. D1 has a formula of =A1&B1&C1 and evaluates as "ABC".
The emboldening of B1 is lost in the calculation of D1.
I can see no way of retaining that emboldening.
I am hoping someone can show me how to retain that formatting or prove
to me that it can't be done. ;)
--
Walter Briscoe
 
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