-----Original Message-----
Because you likelu have a #DIV0 error in your source range of data, ie '[IRM
Feb04 financials.xls]12 Month Trend'!$B$467:$C$467
Check that out first, and if you have then fix it there. If you don't see any
errors then I'm guessing that that range is possibly completely empty which will
also return that error to the AVERAGE function, and as such will flow through to
any formula that use that function on an empty range
--
Regards
Ken....................... Microsoft MVP - Excel
Sys Spec - Win XP Pro / XL 00/02/03
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It's easier to beg forgiveness than ask permission

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Norma said:
Please take a look at the following formula and let me
know why I am getting a result of DIV/0:
=IF(AVERAGE('[IRM Feb04 financials.xls]12 Month Trend'!
$B$467:$C$467)/1000=0,0,(AVERAGE('[IRM Feb04
financials.xls]12 Month Trend'!$B$467:$C$467)/1000))
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