The plauge of timeout errors

I constantly get a timeout error in accessing a external drive whenever extended access is required: i.e.: playing music, large file moves. The error message is from the Host OS Tiger.
The error is:

"There was a timeout waiting for the file system to respond. You can eject this volume immediately, but unsaved changes may be lost."

The only way out is the option "eject immediately". If I choose Dont warn again it hangs both the Host and Guest system. If I choose Keep Trying I get little or no benefit I keep getting the same Error message. Once I choose Force Eject I cannot remount the drive from OSX ( by going to recent items/servers/[the drive I ejected] ) unless I restart Parallels.

If I go to FINDER/GO/RECENT FOLDERS and choose this drive as a folder I get the message " The folder "[x]" cannot be found" .

I have tried increasing the amount of virtual memory allocated to Windows. I do not know what else to try. Can anyone help?

 

So, you are accessing the files on your external drive from your Virtualized Windows?

That is:
VM --- OSX - External Drive

On a side note... You poor guy, four major problems already... Yuck!

 

Same Timeouts, slightly different result

I too am getting this "time out" message, but if I ignore it for a minute or two it goes away, only to return again like a bad case... Just configured this computer so its been doing this from "go".

Does anybody have any ideas? All the only app that's running on my Parallels is Novell GroupWise, quietly in the background. I'm not accessing it in any other way, and in fact, its not even updating the email as we are awaiting the appropriate password, so very little is going on in there.

Hardware Overview:

Model Name: iMac
Model Identifier: iMac7,1
Processor Name: Intel Core 2 Duo
Processor Speed: 2.4 GHz
Number Of Processors: 1
Total Number Of Cores: 2
L2 Cache (per processor): 4 MB
Memory: 4 GB
Bus Speed: 800 MHz
Boot ROM Version: IM71.007A.B00
SMC Version: 1.20f4
MacOS 10.4.11
Parallels Desktop 3.0 Build 5582
WindowsXP SP2

There you have it...

 

Have you tried updating to the latest MacFUSE?