Bootcamp drive not visible on Mac when guest is running

Seems to me that I am missing something here.

Shouldn't I be able to see my guest drive when it is running?

I have lived with the way it is for some time. However, I want to begin a more rigorous separation of my work product and my personal product. Up to now, I have maintained a work directory on my Mac side and shared that directory with my guest OS. I want to move this directory to my guest OS. My only hesitation is that when I boot up my guest OS, the 'Windows' bootcamp directory disappears from my list of devices.

I have verified that 'Enable access to Windows folders from Mac' and 'Mount virtual disks to Mac OS X desktop' are both selected.

Am I missing something? This has been the way I have experienced Parallels from the beginning in 3.0 and now in 4.0. Is it because this is a Bootcamp drive?
 
i have a same problem, without paralells i can mount the Win partition, but after i run the Paralells immidiately unmount the bootcamp partition, and if i wanna mount i get an error message
 
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