in sql server 2005 you can save a change script of table changes, so for instance i created a test table, with col1, col2 and col3. Then added col4 between col1 and col2. I saved the change scripts and this is what it generated.
Have a look
/* To prevent any potential data loss issues, you should review this script in detail before running it outside the context of the database designer.*/
BEGIN TRANSACTION
SET QUOTED_IDENTIFIER ON
SET ARITHABORT ON
SET NUMERIC_ROUNDABORT OFF
SET CONCAT_NULL_YIELDS_NULL ON
SET ANSI_NULLS ON
SET ANSI_PADDING ON
SET ANSI_WARNINGS ON
COMMIT
BEGIN TRANSACTION
GO
CREATE TABLE dbo.Tmp_zzzzzzzz
(
col1 nchar(10) NULL,
col4 nchar(10) NULL,
col2 nchar(10) NULL,
col3 nchar(10) NULL
) ON [PRIMARY]
GO
IF EXISTS(SELECT * FROM dbo.zzzzzzzz)
EXEC('INSERT INTO dbo.Tmp_zzzzzzzz (col1, col2, col3)
SELECT col1, col2, col3 FROM dbo.zzzzzzzz WITH (HOLDLOCK TABLOCKX)')
GO
DROP TABLE dbo.zzzzzzzz
GO
EXECUTE sp_rename N'dbo.Tmp_zzzzzzzz', N'zzzzzzzz', 'OBJECT'
GO
COMMIT
seems like there is no way to simply add the column. Also, be aware of the transaction, this will drop the original table, so it is good to use a transaction