Your post made me try various scenarios.
Today I'm in XL97 on Win98.
This is what I did find:
Open a Manual WB first, then open an Auto WB.
Any work done on the Auto WB will not autocalc.
Close only the Manual WB.
The Auto WB will still *not* autocalc.
Close the Auto WB, but do *not* save.
Now, in this same session, re-open just the Auto WB.
The Auto WB is now back to it's original Auto setting.
This is what may have led you to say that the Auto WB doesn't autocalc, even
though it's set to Auto.
If you had looked at
<Tools> <Options> <Calculation>
while both the Manual and the Auto WBs were open, you would see "Manual"
checked.
After closing just the Manual WB,
And leaving the Auto WB open,
<Tools> <Options> <Calculation>
would *still* show "Manual" checked,
BUT, and it's a big BUT,
Not saving the Auto WB before closing,
Allowed it to retain it's Auto setting,
So re-opening it, in the same XL session,
With no other WB open,
Made it the dominant, calculation setting WB for the currant session.