Thanks, I spoke too soon. What I needed to do was use the Command Object explicitly. Using it implicitly with the Connection Object is not good enough. This works:

Set oCacheConn = CreateObject("ADODB.Connection")
cConnString = "Provider=VFPOLEDB.1;Data Source=v:\all1dbc.dbc"
With oCacheConn
	.CursorLocation = 2		' adUseServer
	.ConnectionString = cConnString
	.Open
End With
cExec = "Create View MyView1 as Select * from aiacode2"
Set oCMD = CreateObject("ADODB.Command")
oCMD.ActiveConnection = oCacheConn
oCMD.CommandText = cExec
oCMD.Execute

However, I am still tripping on using parameterized views....