Install application in XP Virtual pc, make it available to other computers on network

My client has 4 pc’s running Windows 2000 Pro and one new pc running Windows 7 pro in a peer to peer network.  There is an important application which will NOT install in Windows 7 Pro.  I successfully installed the XP virtual pc.  But when I create a folder in the virtual pc it is set to read only.

The name of the Windows 7 pc is MSERVER7.   The name of the XP virtual pc is pcvxp

1.)      The folder properties in the XP virtual pc are set to read only.  How do I set folder properties to read / write?

2.)      I will install the legacy application to the XP virtual pc.   The Virtual pc has the same work group as the Windows 2000 Pro pc’s .  The work group is called Eec.   What must I do to enable the Windows 2000 Pro pc’s to access the folders in the XP virtual pc?  I have to share them somehow.

3.)      Then I will have to map a drive letter from the Windows 2000 Pro pcs to the shared drive on the XP virtual pc.  When I create the mapped drive, what parameters do I enter to accomplish this?  Please give me very clear instructions on this.  
donpickAsked:
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markoilicConnect With a Mentor Commented:
HI,

If you run virtal pc under default setting for network adapter (bridged not NAT) virtual xp will have ip visable to all computer in local network.
To get IP in wi
 - press windows + r on keyboard or start / run
 - type cmd [ok]
 - in command prompt
>ipconfig
note ip address of vortual xp
In virtual xp You need to share folder in windows xp. To do that
- rigth click on floder you want to share
- under sharing network and security check
   Share this foleder on the Netwprk
   Allow network users to change my files
-  Optionily you can change name of shared folder

Now you can access to shared folder in windows 2000

 - press windows + r on keyboard or  [start] / run  
 - \\[ip_adders_of_virtial_pc]\shared_folder_name
   ex: \\192.168.0.10\shared_folder_name

if you able to see folder with this comand you probably can access it with
virtual windows xp comuter name
  \\XPNAME\shared_folder_name

Now you can also map networdk drive with this path (ip or comp name)
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donpickAuthor Commented:
Thank you for your detailed answer.  What I finally discovered is this:
 - start the virtual pc properties window (this is how i would explain it)
 - Right click and then click on Settings.
 - At the top there is an option to create a folder.
 - Create the folder and then highlight the folder.
 - At the top menu, see the option called Organize.
 - In here one can share the folder.  AND what's more important is one can set read / write privileges
 .  
And then, yes, as markoilic says, use the format of \\XPname\folder name and it can be seen by the other Windows 2000 Pro machines.  And those pc's can write / read the folder.
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