Excel can't 'automatically' load files via formulae; you'd need a macro to automate the process. Such a macro could be made to work with the text you have in the columns, though you really don't need anything more than the text file's name (i.e. without the path & extension on every line) and you'd also need to put some code into the macro that would specify where on each sheet the data are to do.

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Cheers,
Paul Edstein
[Fmr MS MVP - Word]