[mso] Limitation of ORs, Excel XP

Does anyone know how many statements and OR statement can handle? I am
mindful of the limitation of 7 embedded IFs, so I figure there is a
limit to the Ors.

I am looking for a better way, but right now I am on 59 statements for
OR and still going. I have not actually tried the 59 yet, but I am
looking for a simpler way. Right now I have:

=if(OR(D1=5,D1=8, D1=16, D1=17, D1=27, <so on...>),"Date Correct","
Problem")

and it is a monstrous statement. 

Thank you.

Robert


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