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Default Excel 2007 not showing "previous data"

I have a lot of Excel 2003 spreadsheets that I cannot change from a
thirdparty. When I opened them in Excel 2003 as was able to not update the
links and show the previous data.
No matter what combination of settings I put in to Excel 2007 it is not
showing me the previous data just #Name where the link would be.
can anyone give me a pointer as to what I can do to resolve this.
I get the security warning and reply Enable content
I then get an alert abouts links that can't be updated - I reply continue
and that is it.
I have no option to Display Previous data as I did in Excel 2003

Many thanks
 
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