You need a section in your file:
[My Section]
path1 = D:\test1\first
path2 = D:\test2\second
path3 = D:\test2\third
Then, read the properties:
import ConfigParser
config = ConfigParser.ConfigParser()
config.readfp(open(r'abc.txt'))
path1 = config.get('My Section', 'path1')
path2 = config.get('My Section', 'path2')
path3 = config.get('My Section', 'path3')