Moving VM to external drive

Ti-maniacPro

Bit poster
Hello, well this is my first post here so I hope you find my question reasonably technical.
I have been using Parallels for many years.

These are my configs:
Mac OS 10.6.1
Parallels: 4.0.3846

Everything runs well under bootcamp.

In SL using Winclone 2.2 I was able to clone the Bootcamp partition to an external FW drive. In Mac prefs, startup disk recognized the external drive now (!) and permits booting on it.

The question: How may I configure Parallels to see and boot on the external FW drive, and not the internal Bootcamp partition? Or, point my VM at the drive, or create a new one for it.?

Thank you
 
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