When Excel accesses a chart it creates a new thread to mschart, when another chart is accessed it creates another thread, when you go back to the first chart it creates another thread. This goes on and on until the out of memory meesage. There's no real way around this that I know except to close and reopen Excel everynow and again to reset the mschart threads.
Once a spreadsheet has had the Out of memory message your better off replicating it as it's all downhill from there!
Ben
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