Can you link Excel to MOSS 2007?

Is it possible to link an Excel as a data connection in MOSS 2007?  If so, how?
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libertytaxAsked:
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abhitrigCommented:
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libertytaxAuthor Commented:
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abhitrigCommented:
True, but this will connect a SP list to the Excel running locally. It wont be moving the actual excel file to SP. If you only have data rows and no charts and can show the data in SP lists, this will certainly be much easier that using Excel Services.
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libertytaxAuthor Commented:
Both options work.
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