Portability of spreadsheets to users without XLC will sometimes be an issue. I have (and will) recommended that people should install XLC and try it out (I don't think many of them will go back to not using it!), but this is not always an option. (E.g. company IT procedures may not allow downloading and installing "unapproved" software). The following Macro will remove all OVD, UND, and EQS functions, leaving a clean (but "dumb"

spreadsheet which can safely be circulated to those poor unfortunates who are not able to download this great utility.
Sub Un_XLC()
'
' Un_XLC Macro
' Deletes all references to "OVD", "UND" and "EQS"
'
Cells.Replace What:="ovd", Replacement:="", LookAt:=xlPart, SearchOrder _
:=xlByRows, MatchCase:=False, SearchFormat:=False, ReplaceFormat:=False
Cells.Replace What:="und", Replacement:="", LookAt:=xlPart, SearchOrder _
:=xlByRows, MatchCase:=False, SearchFormat:=False, ReplaceFormat:=False
Cells.Replace What:="=eqs(*)", Replacement:="", LookAt:=xlPart, _
SearchOrder:=xlByRows, MatchCase:=False, SearchFormat:=False, _
ReplaceFormat:=False
End Sub