Io ho usato:
Dim Db As New ADODB.Connection
Db.ConnectionString = "Provider=Microsoft.Jet.OLEDB.4.0;Data Source=" & NomeDb & ";Jet OLEDBatabase Password= " & password & ";Persist Security Info=False"
Db.CursorLocation = adUseClient
Db.Open
Riferimenti: ADO 2.7