Why not just go ahead and put a call into the HTML? So that the finished HTML would look like:
    <HTML>

    <HEAD>

    <script id="myscr" language="JavaScript1.2">

    function foobar() {

       alert("foobar")

    }

    foobar();

    </SCRIPT>

    </HEAD>

    <BODY>

    This is some body text.

    </BODY>

    </HTML>
Otherwise, how about:
    oIE.Navigate("javascript:foobar()");
Note that I haven't tested this much at all, so it may simply not work.
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Bitt Faulk