"Centre Across Selection" and character limit



The problem I have been having is when I type text into a cell it limits me
to displaying over 255 characters and instead displays ####

Following advise, I have "avoided merged cells like the plague" and have now
tried using centre across selection instead but I am still getting the same
problem. I have tried using alt+enter less than every 100 characters but the
display character limit is still occuring and shows ####, even in print

Note: I have read most of the threads regarding this and have tried:
I am not using multiple monitors
I have tried the Run: Excel /o command
I am running Excel 2003

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