There is only limited support for formatting:
[<1000000]0,K;[<1000000000]0,,\M
This changes the displayed text but does not change the actual value of the
cell, so math will still work. If all you want it the text in the cell, use
a formula like the following:
=CHOOSE(TRUNC(LOG10(A1)),A1,A1,A1/1000&"K",A1/1000&"K",A1/1000&"K",A1/1000000&"M")
This handles numbers up to 7 digits. Add more options to the CHOOSE function
for more numbers.
--
Cordially,
Chip Pearson
Microsoft MVP - Excel, 10 Years
Pearson Software Consulting
www.cpearson.com
(email on the web site)