Printing *should* simply work if you created your VM with Parallels 3.0 and have installed Parallels Tools. In my VM the printer shows up as "HP Color LaserJet 8500 PS" but actually prints to the default Mac OS X printer.
If you created your VM with an older version of Parallels, to setup Parallels for printing:
1. While your VM is not running go to the Edit menu and select "Virtual Machine...".
2. Press the "Add..." button.
3. Select "Parallel Port" and press the "Next >" button twice.
4. Press the "Finish" button.
5. Press the "OK" button.
Last edited: Jun 10, 2007