Try this. Put this formula in an adjacent column. say the
text you are looking for is in column A(can be any column)
but it has to be the first column in your selected range.
So if the text column in you r second sheet is in D then
select you range from $D$2:$E$2
=if(isna(vlookup(A2,'sheet2'!$A$2:$B$1000,2,0),1,0)
All the cells with '1' doesnt exsits in the list.
For the parameters of the formula you can lookup in to
excel help or look into the reply to "Please Help
w/Function" (3rd post below yours)