In an Excel workbook it is possible to insert a GIF, although the animation will only work when the image is inserted into a control. This can be done through Control Toolbox, Design mode and ...

Visual Basic for Applications (VBA) gives you an additional option for embedding images in Excel. When you add an image through the VBA window, you can embed it into an Excel dialog box.

This solution might be used to insert employee photos into an Excel-based organization chart, or to insert images of inventory items onto your worksheet. As an example, presented below is a worksheet ...