I'm glad you asked as that is what I am trying to do. I've created a new field in a table that needs the attribute values from another field in the table. I know that we can use the Field Calculator, but need to use either VB or Python to write an expression. I know in the older command line ARcInfo, it was as simple as writing calc field2 = field1. But that didn't work with VB, All the other help references and discussions involved transfering attribute data from one table to another, which isn't what we need to do.
Have you tried using the Python function replace?