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The shared folder is great feature for vmware, I shared below folder to vmware vista guest:
1) portableapp
2) tools
3) doc
In this case, you can use all portable apps in guest vm and working on same document as local hosting machine, will save a lot of space usually I only give vm few GB.
Here is steps to setup shared folder in vm:
1) specific shared folder in vm setting
2) search shared folder from vm Network, will find vmware-host
3) mapping shared folder to new driver
That is :)