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Default Difficulties with SaveAs method

Help please.

I'm attempting to automate a File/SaveAs process with a password. The Excel
document is created by a DataJunction/Pervasive conversion. I've
incorporated other Excel formatting and save functions post-conversion
without issue, but have run into a roadblock with the SaveAs method. I've
tried the following code (and many variations thereof), and encounter one of
two errors.

Sample obtained (and modified slightly to meet DataJunction syntax
requirements) from Microsoft
TechNet(http://www.microsoft.com/technet/scr...5/hey0207.mspx)

Set objExcel = CreateObject("Excel.Application")
objExcel.Visible = True
objExcel.DisplayAlerts = FALSE

Set objWorkbook = objExcel.Workbooks.Add
Set objWorksheet = objWorkbook.Worksheets(1)

objWorksheet.Cells(1, 1).Value = Now()
objWorkbook.SaveAs "C:\Test.xls","" ,"%reTG54w"
objExcel.Quit

If I try this exactly as it is, I receive the following:

Runtime error 124: Property or method failed (Microsoft Excel: Unable to get
the SaveAs property of the Workbook class)

With other variations, I've been able to save the document, but it receives
a new name (i.e. "c:\test.xls, %reTG54w.xls"), where it imbeds the value of
the password parameter into the filename. Any ideas? Thanks in advance.