Answer Posted / madhavi

FileLocation="C:\Documents and Settings\\Desktop\file1.txt"

Set fso=CreateObject("Scripting.FileSystemObject")
Set fl=fso.OpenTextFile(FileLocation)
txtToReplace=replace(fl.ReadAll,"QTP","QTP9.5")
fl.Close

Set fl=fso.OpenTextFile(FileLocation,2)
fl.Write(txtToReplace)
fl.Close

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