Bit more info ... sorry. How are the items "linked" to the punch list item? I can only assume this is not a trivial fill down with incresing numbers problem, but you haven't explained exactly what the structure of your worksheet is. Are the punchlist items across different worksheets / workbooks, or are they all on the one worksheet? Does each row have a unique punchlist item, or are there multiple rows for each item ...
If it is a trivial matter of just having a unique number associated with each row, just enter 1 in cell a1, and =a1+1 in cell a2, then select cell a2:a60000, and press control-d ... (you can the copy and paste the ID numbers as valuse if you really don't want them to change) ... but I doubt what you want is that trivial.
Sorry, I'm just a bit confused as to what exactly you are trying to do. Electricpetes suggestion will generate a unique ID number for a particular cell in a particular workbook, but if you want to generate lots at once, or want to do so over multiple workbooks, you will have to modify his code to put the variables worksheet in your personal excel worksheet so it is available to all workbooks.
Read the Eng-Tips Site Policies at FAQ731-376