Access Sharepoint Site in vm1 from vm2

[mwb14]

I have VM1 set up with Win 2008 Server, where I run a SharePoint powered website, that I can access from within that VM pointing a browser to (h-t-t-p://) mysite

I have a 2nd VM2 set up rinning IE8 - Win7

I want to access the mysite from within VM2

I have set up both VMs to iuse one active network adapter set to Internal Network
I have also successfully run this command in Terminal (my host is Mac OSX Maverics):
VBoxManage dhcpserver add --netname intnet --ip 169.254.100.1 --netmask 255.255.0.0 --lowerip 169.254.100.1 --upperip 169.254.255.255 --enable

Still if I point IE8 in VM2 to mysite it can't find the site.

I have googled a lot to handle this issue myself, Iunderstand a little about mac/unix sysop, but I know nothing about Windows, hoping for some help.

1) how do I test if the internal network is working between the two VMs
2) if it is, how do I get the DHCP to work, so I can resolve mysite from within VM2?

[socratis]

Why 169.254.xxx.xxx? These addresses are reserved if you cannot get an IP address. Take a look at the Wikipedia article.