Issue with nested IF statement

I am creating a decision tool using IF statements. If cell L24 states either "ASU" or "ASU & Life" and Cell H39 states "Unemployed" I require the cell to produce a negative value ("Not OK"), if this criteria isn't produced then I need a positive value to be produced ("OK").

I am creating the formula in a seperate sheet of the same worksheet, the Cells I refer to are in the sheet named "Form".

=IF(Form!H39="Unemployed",AND(OR(Form!L24="ASU","ASU & Life"),"Not OK","OK"))

I have the above so far but keep getting either FALSE or a #Value result. I have tried changing the AND/OR around but I can't get the dual criteria in L24 to work.

Any help would be greatly appreciated

=IF(AND(H39="Unemployed",OR(L24="ASU",L24="ASU & Life")),"Not OK","OK")

Thanks Majosum,

That works perfectly. I was soo close

Thanks for the tip FDibbins, I'll keep that in mind next time however in this instance there are other options (Life only, Life and Critical Illness etc)