diff --git a/src/java/org/apache/poi/hssf/record/formula/FormulaParser.java b/src/java/org/apache/poi/hssf/record/formula/FormulaParser.java
index f27e0fff0..b364cb7c2 100644
--- a/src/java/org/apache/poi/hssf/record/formula/FormulaParser.java
+++ b/src/java/org/apache/poi/hssf/record/formula/FormulaParser.java
@@ -310,10 +310,11 @@ public class FormulaParser {
     /** Parse and Translate a Math Term */
     private void  Term(){
         Factor();
-        while (Look == '*' || Look == '/' ) {
+        while (Look == '*' || Look == '/' || Look == '^') {
             ///TODO do we need to do anything here??
             if (Look == '*') Multiply();
             if (Look == '/') Divide();
+            if (Look == '^') Power();
         }
     }
     
@@ -332,6 +333,12 @@ public class FormulaParser {
         tokens.add(new SubtractPtg());
     }
     
+    private void Power() {
+        Match('^');
+        Term();
+        tokens.add(new PowerPtg());
+    }
+    
     
     /** Parse and Translate an Expression */
     private void Expression() {