Insert Content of a File into a Variable

Wijaya Edward ewijaya at
Fri Oct 27 03:37:00 CEST 2006

How can we slurp all 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.
-- Edward WIJAYA

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