Hi Nicos,
You need to be careful to close all child Refnums in proper order. If you open Excel.Workbook.Range, then the ActiveX refnum for the "Range" must be closed first, then for "Workbook" and then you can close "Excel" properly. This can be annoying, but is very important.
If you are trying to close Excel without all child refnums closed, Excel will remain visible in the task manager. Have a look and see.
Hope this helps,
Shane.
Using LV 6.1 and 8.2.1 on W2k (SP4) and WXP (SP2)