How to assign a static IP address to my VMWare machine?

I currently have two VMWare Fusion VMs setup on my development machine. The first one (Windows Server 2003) has a static IP address, and I am using my hosts file to direct certain URLs to it.

I would like to do something similar with my second VM (Windows Server 2008), but I can't find any way to assign a static IP address anywhere in the settings.

How can I go about assigning a specific IP address to my second VM?

Solution 1:

From the "Start" menu search for "View Network Connections". The dialog that opens should show you a list of your network adapters. Right click on the connection you want to configure and select "Properties." From the next dialog double-click on the "Internet Protocol Version 4 (TCP/IPv4)" entry to configure the IPv4 addresses.