Using Generate Script Wizard u can only generate DDL not DML.
If u want all these then u should go for DTS Scripts. U can create DTS Package which u can create in for of
VB code also. I m not sure how much u r familiar with
VB and ActiveX.
Hope u can dig out futhre details on SQL Server DTS Tool. If u r a programmer then u can design your tool for such operations. U can read the table and keep the data in Text file in Form of "Insert Into" statements.
Gud luck
B. Anant