Thanks Denny,
I worked this out:
DECLARE @RetCode int , @FileSystem int , @FileHandle int
Declare @FileName varchar(11)
Declare @FileOutput as varchar(8000)
Set @FileName = 'C:\test.htm'
EXECUTE @RetCode = sp_OACreate 'Scripting.FileSystemObject' , @FileSystem OUTPUT
EXECUTE @RetCode = sp_OAMethod @FileSystem, 'OpenTextFile', @FileHandle OUTPUT, @FileName
EXECUTE @RetCode = sp_OAMethod @FileHandle , 'ReadALL' , @FileOutput OUTPUT
EXECUTE sp_OADestroy @FileHandle
EXECUTE sp_OADestroy @FileSystem
Toga