Moo (and Skip):
Skip's VBA solution is the better approach. At times, we can get too caught up in Excel's sometimes quirky behavior and forget the power of the macros and functions we can build for ourselves. It might be possible to make the named function work the way you need it to, but it...
Hmmm. I tried this several times and see it work so that the formula applies to the sheet in which it is entered. What version are you using? I am in Excel 97 SR2. Unfortunately, it does not pick up changes to the values in A1 and A2, only what they were when the named formula was referred to...
Try Insert/Name/Define again; click your named formula (Global); it probably looks like this: "=Sheet1!A1+Sheet1!A2"; remove "Sheet1" from both places but leave the "!" so it looks like "=!A1+!A2"; click Add; check your results....
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