>>What is wrong on a frx with just one simple full width field that grows as needed?
>>
>>I strongly suggest to use the more recent interfaces, not those ancient stuff.
>>
>>I bet a frx as suggested would run for hours while you are fiddiling with this SET MARGIN.
>
>OK to be hones I don't know how to incorporate the text file imported into a variable called fred into an frx

ok. the frx has a field? Note that has nothing to do with a tables field. This is a name for a thing on a report.
the field has a expression
the expression can have a value
like a literal "Mooo"
like a field of a table cField
like anything that returns a value ISNULL(cField)
and like any other expression you can put a variable into it

so
the field in the frx contains pcText
now you run the report like

PUBLIC;
 pcText  &&Hungarian notation p=public, c=Character, helps to understand what one is doing

pcText = fred

REPORT FORM PrintMyText.frx TO PRINTER PROMPT

RELEASE;
 pcText