setting to local variables

[HandersonVA]

I'd like to make the second part of the code equivalent to the first part of the code, but i got an error when i run the second part. it seems to be ok, but i cannot find why it went wrong. Anyone can correct me?

<cfset variables.otherfundingsource = valuelist(r03001_childquery.otherfundingsource)>

vs

<cfset variables.label5_1 ="##r03001_childquery">
<cfset variables.otherfundingsource = valuelist("#variables.label5_1#.otherfundingsource##")>

[dave_jf]

<cfset variables.otherfundingsource = valuelist("#Evaluate("#variables.label5_1#.otherfundingsource")#")>

[HandersonVA]

when I tired, i got the error msg as below

Invalid CFML construct found on line 14 at column 53.
ColdFusion was looking at the following text:<p>\"</p><p>The CFML compiler was processing:<ul><li>an expression beginning with "valuelist", on line 14, column 43.This message is usually caused by a problem in the expressions structure.<li>a cfset tag beginning on line 14, column 2.</ul>