Hi mikechinym and welcome to the forum,
I have a utility called PUP 7 from http://spreadsheetpage.com/index.php/pupv7/home that lists all Objects on sheets.
You have 19470 Objects on your Sheet1 that may slow things down. You most likely did a few insert pictures or text or drawings on sheet 1 and then copied them, unknowingly many times.
See the attached with the PUP report.
I believe you can use the Find & Select and then the Go To Special dialog to select all objects on Sheet 1 and delete them all at one time.
http://blogs.office.com/b/microsoft-...e-objects.aspx
http://en.allexperts.com/q/Excel-105...s-workbook.htm
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