Thanks for the reply, Eric.
Screen shot attached. I can't capture the pulldown - giving Grab the focus closes the Type: pulldown. The pulldown entries are:
Shared Networking, <divider>, Bridged Networking: (grayed out), Default Adapter, Ethernet 1, Ethernet 2, vmnet1, vmnet8, vnic0, vnic1, <divider>, Hose-Only Networking.
Only Bridged Networking is grayed out.
OSX 10.6.5, Parallels 5.0.9376. 2009 Mac Pro, 4 x 2.66 GHz, 12 GB RAM.
Problem exists on both an XP Pro client and a Win7 client.