The original reason for the TITLE parameter was to provide a title for microfiche output produced by SCF. In this event, the &SDATE would be replaced by the real date on the microfiche output. But substitution only occured at the time of microfiche production and the online copy of the report therefore continued to show &SDATE.
Microfiche production was a facility of SCF which was dropped and is no longer supported. It is therefore debatable whether the TITLE parameter any longer has any useful function. Therefore, &SDATE has been removed from the TITLE parameter for Alchemist V5.1 and beyond.
This Frequently Asked Question applies to all supported releases of ESP Alchemist beginning with 3.3.2.