there is nothing in the email template to inlcude the recordset details
at line 1 of the template add the following code:
<?php
global $RecipArray;
global $RecipIndex;
?>
then in the body, where you want to show the password us:
Password <?php echo($RecipArray[$RecipIndex][0]["[passwordColumn]"]); ?>
where [passwordColumn] is the name of the password column