Cannot Connect to Internet in Parallels 5

Just upgraded to Parallels 5, but on a brand new machine. It is installed properly. I attempted to import Windows XP vhd from my old Virtual PC. It worked, but I cannot connect to the internet in Windows.

Cannot figure out what to do. I am a Mac guy through and through and only use PC to make sure websites look okay in Internet Explorer and other Browsers.

Really need to connect to the internet. Any ideas how to connect this Windows to my internet would be appreciated it. Is this a setting in Parallels? Or Windows? Both?

 

I have this same problem as well. I really need to use Internet Explorer via Parallels. Everything else is installed correctly and after sitting on hold with the Parallels Support Hotline for over an hour, I am still no closer to solving the problem. If any Parallels employees are reading this, please help.