virtualbox.org

I have a pretty stupid question, however it is only asked after much investigation. I'm running Ubuntu Jaunty and have VB installed. I can get the livecd of another Linux distro up and running. Here comes the stupid part: how do I install it? Do I need to install it to my hd first?

Thanks...

Well the first thing to do is to create a VM and from there you run the live cd.
Once there you should find a place to install it. Or there should be a way when you boot it to either run Live or install.