Parallels and printing

[Tom Stockfisch]

I just installed parallels and Windows XP on my MacBook Pro.
The parallels is very nice.  However, printiing is now a problem.
I need to print a document from Word running in the Windows VM.
But Windows can't find the printer.  Parallels suggests using a network
printer.  But I have only the MacBook Pro.  Does anyone have a nice
clean low effort solution?
The printer is an HP LaserJet 3050, and of course I don't want to mess
up my nice printer interface under MacOSX.