It opens the Define Name dialog in the Mac version of Excel. In Windows, this shortcut opens the Name Manger where you can add, edit and delete Named Ranges.
Name Manager includes a rename option, which will enable you to change the name of a name and have all objects that use that name update too. I am not aware if Microsoft still supports old macro functions for Mac 2016, but you can test that very easy: Type in cell A1 the value 1, in cell A2 type 2, then define a new name. Shortcut key (default control-shift-n) to start Name Manager Choice between icons on commandbuttons or text labels (see Screenshot). To paste a list of defined names to a location in the current workbook, do the following: As described in this article, Evaluate is not a sheet function, it’s an Excel 4 macro function, that can be used in a defined name, not in a cell directly.