create new VM and add virtual harddisk that points to your old harddisk image. You can do that or through Parallels menu File->New... or if at Parallels startup you see dialog that provide you a VM selection press there button "New". Then you'll see already known you (i think ) Parallels new VM installation assistant. At the first wizard page select "Custom" creation VM type. After some steps you'll see a page with harddisk setting select there "Use existing image file" option and specify path to your existing harddisk image.
Last edited: Sep 19, 2007