Okay - it *DID'NT* work! The reason it worked the first time was that the Text to Display was seen as a local path, but the actual File to Link TO was still the network path.
On the CD, I have New Folder. Inside is my Excel file with hyperlinks to Word docs and the folder ("Narratives") containing those docs. The hyperlinks all show AND link to \\Narratives\'docname'.doc ('docname' is actually the document name).\
BUT -- "Cannot open specified file."
Any help is appreciated.