Can Parallels work with an existing windows partition?

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I used Boot Camp to put XP on my iMac. If I get Parallels, will it be able to give me access to the files that are on the currently existing XP partition? Or will I have to re-install XP onto the Mac partition and transfer all my files from the old Boot Camp XP to the new Parallels XP?

Thanks

 

[jonbravo77]

It will give you full access. When installing Parallels there should be something that says use Boot Camp partition. Anything you add to the Parallels XP will show up in Boot Camp when you boot into it. There are numerous threads outlining this..

 

[MacDawg]

Parallels will use your Boot Camp partition with no problems

Woof, Woof - Dawg

 

[jbrenn]

you might have to activate windows again.

 

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Thanks for the responses and sorry for not figuring it out myself. Anyways,

you might have to activate windows again.

Will activating it again cause any problems? I heard one story where a dude did something like this except with some other VMware and it would keep saying that he needed to buy a product key (or whatever microsoft requires).