Vmware Player 5.0 - map drive to host

After upgrading to Player 5.0 I noticed that I can't map a virtual disk to a drive on the host system anymore. This feature is clearly described in the current player's documentation and was available in Player 4.x, but when I click on the "Utilities" button in the virtual drive's property the only available options are: Defragment, Expand and Compact.

Is there a way to reenable this feature or at least a easy workaround?

Host: Windows 7 32 bit

Player: 5.0.0

Guest: Windows ME

Virtual Drive: FAT32, 8 GB total space.

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