The text of a Microsoft Word document can be extracted and stored into a Variable using VBScript.

The above can be achieved by implementing the following VBScript code into a "Run VBScript" Action:

Dim Word
Dim WordDoc
Dim var
Set Word = CreateObject("Word.Application")

'Open the Document
Set WordDoc ="%SelectedFile%")

NumberOfWords = WordDoc.Sentences.count
For i = 1 to NumberOfWords
        WScript.Echo WordDoc.Sentences(i)
' Close Word
'Release the object variables
Set WordDoc = Nothing
Set Word = Nothing