setting varaibles in a loop

[Keshava Murthy]

 
Hi 
 I am trying to declare variables and assign values to it in a loop ?  
when i tried to assign values as given below 
#foreach($i in $Privileges)
    #set($formid$velocityCount = $i.getValue(2).asString())
#end

the error - Encountered "$velocityCount" appears in turbine log.
could someone suggest me how to  achive this?