I installed VMWare Server 2.0 on a Windows 2003 Server (Standard Edition). The host also has two network cards, one connected to a 10.20.1.0/24 network and the other connected to a 10.50.1.0/24 network. I created the guest VM using the VMWare Conversion utility on a second physical machine. The guest VM starts fine, but I can not get the two NIC's to bridge so that the guest OS can access both networks at the same time.
I have set up the guest network adapters as bridged and have tried every way I can imagine of configuring the virtual network adapters from within the Virtual Network Manager utility (making sure to refresh the network every time I make a change). For example, I have tried bridging vmnet0 to the one network card and then vmnet2 to the other. I have tried doing the same with vmnet2 and vmnet3. I have switched the properties of each virtual adapter within the guest.
Right now, I have vmnet0 and vmnet2 configured. However, whatever host network card is bound to vmnet0 seems to be the only network that works for the guest; I can get it to see each network by doing that, but never both at the same time. Both guest NIC's say that they're connected. In testing, I also set each to obtain IP addresses from the DHCP server, and both NIC's on the guest OS obtain IP addresses from the same network (again, whichever one is bound to vmnet0).