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.  
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markoilicConnect With a Mentor Commented:

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
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: \\\shared_folder_name

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

Now you can also map networdk drive with this path (ip or comp name)
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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