Thanks for pointing me in the right directions. I had to make some changes to your code and this is what I finally ended up with.
WBR
$chopDate =” 04242009";
$month=substr($chopDate, 0, 2);
$day=substr($chopDate, 2, 2);
$year=substr($chopDate, 4, 7);
$myDate=$month . "/" . $day . "/" . $year;
$printDate = date("jS F, Y", strtotime ($myDate));
print ("<h3> <center>$printDate </center></h3>");