captureprint.py

import System
import sys
pf_path = System.Environment.GetFolderPath(System.Environment.SpecialFolder.ProgramFilesX86)
sys.path.append('%s\IronPython 2.7\Lib' % pf_path)
from cStringIO import StringIO

sys.stdout = StringIO()
alphabet = [chr(i) for i in range(ord('a'),ord('z')+1)]
def funtest():
    global dict
    for numb, alpha in zip(range(1,60,1), alphabet):
        dict[numb] = alpha

dict = {} 

print "Start Test"
funtest()
print dict
print "End Test"

sys.stdout.seek(0)
OUT =  sys.stdout.read()