Links when opening a spreadsheet

[Ken H.]

I am opening a spreadsheet that contains links to
external sources. This spreadsheet was created in Excel
97. When I open it, I am prompted to update or not
update. I choose don't update, as I don't have the
linked files. BUT, it seems that Excel tries to update
anyway because it is the same result as if I hit update,
and all of my values are gone. This seems to be a change
from excel 97 as excel 97 it left the values.

Any ideas? I likely have a default setting incorrect
somewhere.

Thanks!