Excel macro security not working?

Something to try:

Set the excel macro security to medium or high.
Create a new spreadsheet.
record a simply macro (eg start recording, just enter some date in cells, stop recording)
save it as book1.xls and close excel.

then make a .vbs file with this next bit in it:

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now open the book1.xls - youll get a prompt about the macro security. so do whatever and close excel. this is normal.

now open run the vbs. the xls file opens and you can go to macros and run the macro with no security message box!?

why does this happen?

i've tested only in excel 2002 and 2003 (xp sp2). does this happen in the latest excel?

ok.
thanks for confirming it's not just a config problem i have. it would seem to be a very bad security problem in excel then. i would think setting security level to maximum would stop macros no matter how they are run.