If your Virtual Machine does not boot the Windows Install CD and or you cannot enter the BIOS by pressing the F2 key quick enough or select the Boot Menu quick enough by selecting the Esc key after clicking into the Virtual Machine display... To work-a-round either of theses you will need to add one or both of the following parameters to the target Virtual Machine's .vmx configuration file.
bios.bootDelay = "3000"
And/Or
bios.forceSetupOnce = "TRUE"
By default normal file based Fusion Virtual Machines are created in the "~/Documents/Virtual Machines" folder. Note: Depending on OS ver. and or Fusion ver. there may be a .localized after Virtual Machines although by default it is not visable in Finder.
~ Is your Home Folder
They are placed in a Folder (Bundle Package) with an extension of ".vmwarevm" which by default the extension is not visible in Finder.
Example: "~/Documents/Virtual Machines/Windows XP SP2.vmwarevm" would in Finder just look like an icon named "Windows XP SP2"
You can view the Package Contents of the "Windows XP SP2.vmwarevm" folder by right-click (or Ctrl+Click) the "Windows XP SP2" icon and select Show Package Contents.
To Edit the .vmx File:
You would right-click (or Ctrl+Click) on the "Windows XP SP2.vmx" file and select Open With > Other... then in Choose Application choose TextEdit.