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From what I can tell there is really no way to programmatically create a DSN with a password. Probably due to security restraints.
Note: Maybe use the attribute 'Trusted_Connection=YES'. This causes the SQL server to use the Windows NT logged on user name and password.
Article ID: W16839
File Created: 2014:07:18:09:49:32
Last Updated: 2014:07:18:09:49:32