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In this tutorial, Jon from Excel Campus explains how to create a Table of Contents in Excel that updates automatically when changes are made to the workbook. By using a macro, clickable links to each sheet in the workbook are generated on the Table of Contents sheet. The macro ensures that whenever sheets are added, deleted, or renamed, the Table of Contents is automatically updated. To see how the macro works, Jon demonstrates making a copy of a sheet, which triggers the Table of Contents sheet to update. The process involves accessing the VB Editor by clicking on the Developer tab and then the Visual Basic button, with the keyboard shortcut Alt F11.