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To the best of my knowledge, there is no smarty variable for sending a user's password. This would be a security risk to have such a variable. I'm bumping this thread in the hopes that someone who knows for sure will reply.
If it's an issue of a user loosing their password, they can just use the lost password feature in the login block or on the login page. If you're wanting send a user activation link, just use {X_UACTLINK}.
Sorry I couldn't be more helpful.
Best Regards,
James
Insanity can be defined as "doing the same thing over and over and expecting different results."
Stupidity is not a crime. Therefore, you are free to go.