The Combo Box from the Control Toolbox toolbar is much more up-to-date and has a lot more options. But adding the list is slightly more complicated. Also, a combo box from the Control Toolbox tool bar works much better with macros.

The simplest way to enter the list for a combo box from the control toolbox is to right click the combo box right after you create the combo box. Then click Properties. Then look for ListFillRange. Enter the range in that propert section. So if you want to grab the list from A1:A4 on the current worksheet type A1:A4. No quotes or anything have to go around range. You reference the cells just like you would in Excel formula, but without the equals sign. So to reference cells on another worksheet, say Sheet2, you'd do it like so:

Sheet2!A1:A4

If there is a space in the worksheet's name, you need single quotes around the worksheet name. So if it was Sheet 2 with a space between Sheet and 2, you'd need:

'Sheet 2'!A1:A4

Then go to the LinkedCell property. That is the cell that will change based on what you pick from the dropdown list. So it is similar to the Forms one.

After you are done, close the properties window. Then click the button on the Control Toolbox toolbar that looks like a drafting triangle. That button takes the objects you create in and out of Edit mode. So you are exiting the edit mode to finish.

As you might notice, you can change the size of the font, the type of font, the alignment of the text, etc with the Control Toolbox's combobox. You can't do all of that with the one from the Form toolbar.

I personally recommend going for the one from the Control Toolbox menu. It may be a little more complicated, but it is much better.

the only thing I could think of is to find a clipart of a black down arrow and place it in the cell. Then, once you have it in the right place, right-click on the image and turn it into a hyperlink pointing at that cell.
Of course, this isn't great because there will still be a second black arrow showing up when user brings focus to that cell.
And, look for a way to expand the dropdown list when the user clicks on the image.

Is that wat you needed?

If you want the drop-down to be visible at all times, use the control from the Forms toolbar instead. Go to View –> Toolbars and click on Forms. On that toolbar, you will find a combo box (drop-down list) control. Click that and then click and drag on your worksheet where you want it to appear.

To use the control, you will need to have a list in your worksheet that contains the items to be shown in the combo box. Once you have that list, right click the control and choose Format Control. Specify the location of your list and where you want it to report the number of the item that was chosen.

When you choose an item from the list, the control will set a value in the Cell Link cell. You can reference that number to figure out which item was selected, and then your formula can respond appropriately.

Tim