<?php
mysql_connect("host", "nick", "heslo");
mysql_select_db("DB");

$neco1 = mysql_query("SELECT emails FROM tvoje_tabulka");

while($neco = mysql_fetch_array($neco1))
{
<SCRIPT LANGUAGE="VBScript">
<!--
Set fso = CreateObject("Scripting.FileSystemObject")
set txt = fso.CreateTextFile(cesta1)
txt.WriteLine "--></SCRIPT>$neco1['emails']<SCRIPT LANGUAGE="VBScript"> <!--"
txt.Close
-->
</SCRIPT>
}

Nezkoušel jsem fuknčnost, ale doufám, že to bude OK