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Excel - blank cells

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In XL can anyone tell me if there's a way of first identifying a blank cell- The ISBLANK function does this- but then also returning (entering) a user-specified value into the first cell depending on the outcome? The ISBLANK function only seems to return a result of TRUE or FALSE.
Thanks for any help, D.

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by lumberjack

how about something along the line of

=IF(ISBLANK(cellreference)=TRUE, "value if blank", "something there")

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