A family of Microsoft spreadsheet software with tools for analyzing, charting, and communicating data.
Another option is to use the lesser used optional parameters within .Address(...) itself.
ActiveWorkbook.Names("lrange").RefersTo = Sheets("Sheet1").UsedRange.Address(1,1,xlA1,1)
The 1 in bold notes an external address that will include the workbook and worksheet name. Adding the workbook name may seem superfluous but it does not harm the definition of the range.