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import arcpy,csv

table =r'c:\path\to\table'
outfile = r'c:\path\to\output\ascii\text\file'

#--first lets make a list of all of the fields in the table
fields = arcpy.ListFields(table)
field_names = [field.name for field in fields]

with open(outfile,'wb') as f:
    dw = csv.DictWriter(f,field_names)
    #--write all field names to the output file
    dw.writeheader()

    #--now we make the search cursor that will iterate through the rows of the table
    with arcpy.da.SearchCursor(table) as cursor:
        for row in cursor:
            dw.writerow(dict(zip(field_names,row)))

import arcpy,csv

table =r'c:\path\to\table'
outfile = r'c:\path\to\output\ascii\text\file'

#--first lets make a list of all of the fields in the table
fields = arcpy.ListFields(table)
field_names = [field.name for field in fields]

with open(outfile,'wb') as f:
    dw = csv.DictWriter(f,field_names)
    #--write all field names to the output file
    dw.writeheader()

    #--now we make the search cursor that will iterate through the rows of the table
    with arcpy.da.SearchCursor(table,field_names) as cursor:
        for row in cursor:
            dw.writerow(dict(zip(field_names,row)))

New Answer:

New Answer using arcpy.da cursor:

import arcpy,csv

table =r'c:\path\to\table'
outfile = r'c:\path\to\output\ascii\text\file'

#--first lets make a list of all of the fields in the table
fields = arcpy.ListFields(table)
field_names = [field.name for field in fields]

with open(outfile,'wb') as f:
    dw = csv.DictWriter(f,field_names)
    #--write all field names to the output file
    dw.writeheader()

    #--now we make the search cursor that will iterate through the rows of the table
    with arcpy.da.SearchCursor(table) as cursor:
        for row in cursor:
            dw.writerow(dict(zip(field_names,row)))

New Answer using old-style cursor:

You can do this using a cursor to grab the data from your table and write to a comma-delimited text file.

EDIT: I'm adding a more concise block of code to accomplish the task using the csv module of Python

New Answer:

import arcpy,csv
    
table =r'c:\path\to\table'
outfile = r'c:\path\to\output\ascii\text\file'      

#--first lets make a list of all of the fields in the table
fields = arcpy.ListFields(table)
field_names = [field.name for field in fields]

with open(outfile,'wb') as f:
    w = csv.writer(f)
    #--write all field names to the output file
    w.writerow(field_names)

    #--now we make the search cursor that will iterate through the rows of the table
    for row in arcpy.SearchCursor(table):
        field_vals = [row.getValue(field.name) for field in fields]
        w.writerow(field_vals)
    del row

Old answer:

import arcpy

table =r'c:\path\to\table'
outfile = r'c:\path\to\output\ascii\text\file'


#--first lets make a list of all of the fields in the table
fields = arcpy.ListFields(table)

i = 1
f = open(outfile,'w')
for field in fields:
    #--write all field names to the output file
    if i < len(fields):
        f.write('%s,' % field.name)
        i += 1
    else:
        f.write('%s\n' % field.name)

#--now we make the search cursor that will iterate through the rows of the table
rows = arcpy.SearchCursor(table)
for row in rows:
    i = 1
    for field in fields:
        if i < len(fields):
            f.write('%s,' % row.getValue(field.name))
            i += 1
        else:
            f.write('%s\n' % row.getValue(field.name))
del rows
f.close()

You can do this using a cursor to grab the data from your table and write to a comma-delimited text file.

EDIT: I'm adding a more concise block of code to accomplish the task using the csv module of Python

New Answer:

import arcpy,csv
    
table =r'c:\path\to\table'
outfile = r'c:\path\to\output\ascii\text\file'      

#--first lets make a list of all of the fields in the table
fields = arcpy.ListFields(table)
field_names = [field.name for field in fields]

with open(outfile,'wb') as f:
    w = csv.writer(f)
    #--write all field names to the output file
    w.writerow(field_names)

    #--now we make the search cursor that will iterate through the rows of the table
    for row in arcpy.SearchCursor(table):
        field_vals = [row.getValue(field.name) for field in fields]
        w.writerow(field_vals)
    del row

Old answer:

import arcpy

table =r'c:\path\to\table'
outfile = r'c:\path\to\output\ascii\text\file'


#--first lets make a list of all of the fields in the table
fields = arcpy.ListFields(table)

i = 1
f = open(outfile,'w')
for field in fields:
    #--write all field names to the output file
    if i < len(fields):
        f.write('%s,' % field.name)
        i += 1
    else:
        f.write('%s\n' % field.name)

#--now we make the search cursor that will iterate through the rows of the table
rows = arcpy.SearchCursor(table)
for row in rows:
    i = 1
    for field in fields:
        if i < len(fields):
            f.write('%s,' % row.getValue(field.name))
            i += 1
        else:
            f.write('%s\n' % row.getValue(field.name))
del rows
f.close()