Nope, but it's listed as reserved word in VFP help.

>Does it show blue when you type it in VFP7? It doesn't in VFP6.
>
>>Steve,
>>
>>It is reserved word according to VFP 6/7 help.
>>
>>>Nadya,
>>>
>>>It is not a reserved word...it is a method of the VFP application object.
>>>
>>>>>Yes, it is. Me either until Larry pointed to it.
>>>>
>>>>BTW, it's in VFP6.0 as well. However, when I type _vfp.SetVar in command window, the SetVar is not becoming blue as a reserved word. However, I found it in Help.
>>>>