Shared Folder settings between Windows7 and uBuntu guest OS in VMWare

PS: Please make sure that your VMTools is installed correctly on the uBuntu Guest.
http://kb.vmware.com/selfservice/microsites/search.do?language=en_US&cmd=displayKC&externalId=1022525

Virtual Machine Settings

• Folder sharing = Always Enabled.
• Make sure you have at least one Folder shared between the host and guest.
• For example: my-D-drive

On the uBuntu Guest

• check /mnt/hgfs that you can access your shared folder
•  If you cannot see the folder, then skip it. Next step will create the folder automatically.
• update your fstab using the details below:
• Open terminal and type:
• gksu gedit /etc/fstab
• Add below to the end of the file:
• .host:/{shared-folder} /{path-to-mount-on} vmhgfs defaults,ttl=5,uid=1000,gid=1000 0 0
• Change {shared-folder} to the shared folder of Virtual Machine Settings (my-D-drive).
• Change {path-to-mount-on} to the folder inside uBuntu (/mnt/hgfs/my-D-drive).
• Restart your vm.
• You may need to restart few times or get error message saying unable to mount just skip the error and restart.

Reference: http://askubuntu.com/questions/29284/how-do-i-mount-shared-folders-win7-host-in-ubuntu-guest-using-vmwaretools-v6