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Excel Function / Formula to evaluate "field contains" from a list

Last Modified: 2012-05-06
I need a function that looks for substrings in a cell from a list of substrings in a adjacent worksheet.

Here is a scenario:
In A Workbook:
1)  Worksheet1 contains 100,000 rows
2)  Column C in Worksheet1 contains text phrases, 0 to 100 characters (maybe 0 to 20 words) and may have embedded punctuation.
3) Worksheet2 contains 20 rows
4)  Column A in Worksheet2 contains 1 word in every row
5)  **** I would like fields in Column D in Worksheet1 to contain TRUE if any word in Worksheet2 is contained in, or equal to the adjacent field C in Worksheet1, and FALSE, if not.

Obviously, if "Equal To" was the criteria, this is easily done using vlookup.  What I need is "Equal to" OR "Contains".

Note:  I would prefer a solution that works in Excel 2003, but 2007 would be OK, if necessary
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