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There are three ways to edit the contents of an existing cell.
* Press F2
* Click in the Formula bar at the top of the screen
* Double-click the cell to be edited
If double-clicking does not work, it's because 'Edit directly in Cell' has been disabled.
In Excel 2003, choose Tools, Options, Edit tab, and re-instate the option. In Excel 2007 it's Office Button, Excel Options, Advanced, Allow editing directly in cells.
I personally prefer to not edit in cells, as often the text gets too small on the sheet, and with the option off, double-clicking a cell selects the cells referenced by that formula. Great for linked files.
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