>I need to return a money value from a stored procedure. I cant use a function because the procedure does an insert and an update. I can't use a stored procedure because return will only return integer, and if i use a select statement then i can't capture the value for further use in my calling procedure. What would be the best way to accomplish this?

What is the key for that row with the money value? I'd focus on using that, it's so much easier the beating on a SP. They really don't like that :)

create proc MyCallingProc 
(your params here inbound, your outbound one)

begin
declare @myKey int

-- key from money row below
set @myKey = exec ThatOtherProc(parmas here)

select MonyColumn from ThatTable where Pkey = @myKey

go

HTH