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Hyperlinks "Cannot open file"

Hyperlinks "Cannot open file"

Price: FREE

I am using Excel 2003 and I am using a hyperlink to link to other spreadsheets in different folders and drives.
When I create the hyperlink it works great first time. I then save and close the document containing the hyperlinks
When I re-open the spreadsheet and click on the hyperlink I am met with the message "Cannot open file"
Does anyone know why I can no longer then open the hyperlink and why the link may be broken?

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I have an Excel (Excel 200 SP3) file (2 Bytes) with about one thousand
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