How to expand shell variables in a text file?

Question

Consider a ASCII text file (lets say it contains code of a non-shell scripting language):

Text_File.msh:

spool on to \'$LOG_FILE_PATH/lo         


        

Answer 1

#logfiles.list:

$EAMSROOT/var/log/LinuxOSAgent.log
$EAMSROOT/var/log/PanacesServer.log
$EAMSROOT/var/log/PanacesStrutsGUI.log

#My Program:

cat logfiles.list | while read line
    do
        eval Eline=$line
        echo $Eline
    done