A family of Microsoft spreadsheet software with tools for analyzing, charting, and communicating data.
I can't speak for better options, perhaps one of the other contributors has a more elegant solution. Here is the best I could come up with.
In a test worksheet, fill A2:A12 with sequential letters (A2 =A, A3=B, etc)
In column B2:B12 fill in any individual values you want to exclude from your displayed list (e.g. D2 = D, D3 =J)
In C2, enter this array formula:
=OFFSET(A2,SUM(COUNTIF(A$1:A2,B$2:B$10))+SUM(COUNTIF(OFFSET(A2,SUM(COUNTIF(A$1:A2,B$2:B$10)),),B$2:B$10)),)
(enter array formulas by pressing Ctrl-Shift-Enter)
Drag down to cover the same size range as your original data.
This gives you the same list, in the same order, without the excluded values.
I'm making some assumptions about your comfort level with creating that final offset range (without the blank cells at the end) to feed your data validation, but if you have trouble with it, just post back.
Note: data validation only accepts same-page direct references, so if you move the helper column to a different worksheet, be sure to make your final list a named range, then feed that named range into the data validation.
HTH,
Keith