The CLOB is XML data that is > 8k (sometimes > 32k). Any suggestions?
You may have to use the IMAGE type, as the BINARY type is limited to (IIRC) 8000 bytes in SQLServer 2K. The limits for varchar and varbinary increased in SQLServer 2005, so it depends on what your target is. For 2005, if your data is ASCII varchar will work, if it's unicode text use nvarchar, otherwise use varbinary.
If you're looking for sample code, you'll have to give us more information, like what language/platform you're using, and how you're accessing the two databases. Also, is this a one-time transfer, or something that you need to do programmatically in production?
Unfortunatly I was unable to run it within SQL Server, so I wrote a C# console application to import and parse the CLOB data, then to write out the results to SQL Server.