Slurping All Content of a File into a Variable

[Wijaya Edward]

Hi,
 
How can we slurp content of a single file 
into one variable?
 
I tried this:
 
>>> myfile_content = open('somefile.txt')
>>> print myfile_content,
<open file 'somefile.txt', mode 'r' at 0xb7f532e0>
>>> 

But it doesn't print the content of the file.
 
Regards,
-- Edward WIJAYA
SINGAPORE
 

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