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Look at this. What is it? The earliest Excel for Windows version on WinWorld is 2.0, and there are 5 5,25 disks. But at the link, there are 2 disks!!!!!!!!! What is this version?
It looks like a beta version of excel for windows. If you look closely they both say "Working Model - Copy Freely Disk # of 2.
No. "Working Model" was Microsoft's term for a stripped down crippled demonstration version. Given the 1989 date, it is probably Excel 2.1. Winworld does have that demonstration version, but it looks like it needs a redump and scans.