jhyiesla, I appreciate the comments on the OEM part. :)
ANGELA11 -
- Install Converter on the host running the Windows XP VM
- Navigate to Start -> All Programs -> VMware -> VMware Converter
- Convert the VM using the wizard with destination as VMware Fusion and the appropriate version (either v1.0 or v2.0) and copy it to a USB Drive (most probably formatted with NTFS)
Once you have copied to the USB Drive, connect the drive to the Mac Book.
I believe there is an option to import VMs within Fusion.