Find and Replace from the Edit menu will do this - just be careful about your changing text.
Failing that, you can use Edit->Links and change the links from there.
In both cases, I'm assuming you have multiple links to a single folder, and this folder has moved. If each link is to a different place, you will have to carry out the task manually.
You can normally use Edit | links... to see how many external links there are in your workbook. If this menu item is disabled (grayed out), that usually means there are none.
You can try Jan Karel Pieterse's Name manager add-in or Bill Manville's Findlink add-in. Maybe you'll get better results with one of these. Both are free and can be downloaded from the Excel MVP page:
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