php regular expressions


I have a perl expression which reads

$l =~ s/^V\#REPLACEME^X^Y^W/$somevariable/

can you tell me if  in php

ereg_replace("(.*)^V\#REPLACEME^X^Y^W(.*)", $replacestring, $originaldata)

is the right way of writing the same regex?

thanks in advance

Who is Participating?
maUruConnect With a Mentor Commented:
echo preg_replace('/^V\#REPLACEME^X^Y^W/', $somevariable, $originaldata)

would probably be the right way, although for the life of me i cant understand what the point of ^V ^X^Y^Z is for.
VlearnsAuthor Commented:
thanks a million
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