I have an Excel sheet with two columns. The first column holds names. I also have a list of names as text file, now added as second sheet.
For each row, I want to set the second cell to a fixed value if the value of the first cell is present in the list. Other rows should remain unchanged.
I was told to consider VLOOKUP but could not make up a formula.
I'm using Excel for Microsoft 365
first sheet:
column M is the one to be changed
The expected output would simple have entries in column M to be IN instead of OUT.



