pulling in template file in var and populating vars?

["blackwater dev" <blackwaterdev@xxxxxxxxx>]

I have a chunk of html data that I want to output for each iteration through
a db result

while($result){

   $list.=file_get_contents("my_template_file.php");

}
return $list;

The template file looks like this:

<table>
    <tr>
         <td><?php echo $result["name"];?></td>
    </tr>
</table>

I basically want a good way to keep the template file out of the class so I
don't have to code:
 $list.="<table><tr>...etc

The problem is with the method I have, it doesn't translate the
vars...what's the best way to do this?

Thanks!