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=VALUE(LEFT(A1,1))*VALUE(MID(A1,2,1))*VALUE(MID(A1,3,1))*VALUE(MID(A1,4,1))*VALUE(RIGHT(A1,1))

VALUE - Converts a string to an integer

LEFT - Starts from the left and selects 1 character

MID - Starts at the second position and selects 1 character

RIGHT - Starts from the right and slects 1 character

You also could use VALUE(MID(A1,1,1) for the first value and VALUE(MID(A1,5,1) for the last value.

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Q: In excel 2007 if cell A1 contains the number 12345 is there a formula to multiply the digits 1 x 2 x 3 x 4 x 5?
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