Hi,
And the outer {}'s indicate to Excel that you entered the formula as an
array, so Excel should be prepared to return multiple answers based on a
single formula.
In other words if your formula reads {=TRANSPOSE(A1:A5)} and you select
B1:F1 and then enter the formula by pressing Shift+Ctrl+Enter the formula
will display the contents of A1:A5 across the row.
If you enter the formula in a single cell and copy it, it will not work. If
you enter it in all the cells but don't do it as an array (Ctrl+Enter) that
won't work either.
The outer {}'s are never typed, they appear automatically when you press
Shift+Ctrl+Enter to enter the formula. Inside a formula you may type them to
indicate a portion of a formula is an array.