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Possible drag and drop files from windows 7 virtual machine in vmware?

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linux-howto

http://askubuntu.com – I currently have a win7 x64 bit appliance. vmware is installed on Ubuntu 12.04. I'm using vmware 4.0.4. I was told by a friend that you can drag and drop files from vmware straight onto the Ubuntu desktop. Is this actually possible? If so do i have to install anything to get this working? Or is suppose to work out of the box? (HowTos)