Hyperlink creates a shortcut or jump that opens a document 
stored on a network server, an intranet, or the Internet. 
When you click the cell that contains the HYPERLINK 
function, Microsoft Excel opens the file stored at link 
location.
HYPERLINK (link_location, friendly_name)
Link_ location   is the path and file name to the document 
to be opened as text. Link_location can refer to a place in 
a document — such as a specific cell or named range in an 
Excel worksheet or workbook, or to a bookmark in a 
Microsoft Word document. The path can be to a file stored 
on a hard disk drive, or the path can be a universal naming 
convention (UNC) path on a server (in Microsoft Excel for 
Windows) or a Uniform Resource Locator (URL) path on the 
Internet or an intranet.
•	Link_location can be a text string enclosed in 
quotation marks or a cell that contains the link as a text 
string. 
•	If the jump specified in link_location does not 
exist or cannot be navigated, an error appears when you 
click the cell. 
Friendly_name   is the jump text or numeric value that is 
displayed in the cell. Friendly_name is displayed in blue 
and is underlined. If friendly_name is omitted, the cell 
displays the link_location as the jump text.
•	Friendly_name can be a value, a text string, a 
name, or a cell that contains the jump text or value. 
•	If friendly_name returns an error value (for 
example, #VALUE!), the cell displays the error instead of 
the jump text. . 
Examples:-
The following example opens a worksheet named Budget 
Report.xls that is stored on the Internet at the location 
named example.microsoft.com/report and displays the 
text "Click for report":
=HYPERLINK ("http://example.microsoft.com/report/budget 
report.xls", "Click for report")
The following example creates a hyperlink to cell F10 on 
the worksheet named Annual in the workbook Budget 
Report.xls, which is stored on the Internet at the location 
named example.microsoft.com/report. The cell on the 
worksheet that contains the hyperlink displays the contents 
of cell D1 as the jump text:
=HYPERLINK ("[http://example.microsoft.com/report/budget 
report.xls]Annual!F10", D1)
(B)Save a Word document as a Web page:-
To save a word document as a web page following steps are 
involved.
1.	On the File menu, click Save as Web Page. 
2.	If you want to save the document in a different 
folder, locate and open the folder. 
3.	In the File name box, type a name for the document. 
4.	Click Save