Try this:

Select the cells to be impacted
(I'll assume A1:A10, with A1 as the active cell)

From the Excel main menu:
<format><conditional formatting>
Condition_1
Formula is: =ISERROR(A1)
Click the [Formatting] button.....set the White font....Click the [OK]
buttons.

Does that help?
***********
Regards,
Ron

XL2002, WinXP

You could modify the formula so that you don't see the error:

=if(iserror(yourformula),"",yourformula)

or you could use format|Conditional formatting.

Select the range of cells (say A1:A99) and with A1 the activecell:
Format|conditional formatting
formula is:
=iserror(a1)

And give it that white font on white fill.

Try this.

Assume the range of cells in question is A1:A10
Select the range A1:A10
Goto the menu Format>Conditional Formatting
Formula Is:

To hide *only* the #VALUE! errors (all others will still be displayed):

=ERROR.TYPE(A1)=3

To hide *all* errors:

=ISERROR(A1)

Click the Format button
Set the font color to be the same as the fill color
OK out

Biff

Thanks to both for the very quick reply and the solution, thanks.