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File sizes when saving in .xls format

Having upgraded from 3.4 to 3.5 I find that a 30KB spreadsheet in .ods format, which would have been 90KB saved in .xls format has suddenly grown to a 9MB file. Has anyone else found the same thing? I have another spreadsheet shered with colleagues who only use MS Office - if the same thing happens with that it will be about 2GB in size and take half an hour to load.