How to Defragment the VMware Player Drive

From: http://www.vmware.com/support/ws55/doc/ws_disk_defrag.html

For best disk performance, follow these steps:

1. Run a disk defragmentation utility inside the virtual machine. 
2. Power off the virtual machine, then defragment its virtual disks from the virtual machine settings editor (VM > Settings). Select the virtual disk you want to defragment, then click Defragment. 
• Note: This capability works only with virtual disks, not physical or plain disks.
3. Run a disk defragmentation utility on the host computer

 
From: http://www.ehow.com/how_6888404_defragment-vmware-player-drive.html

1. Load VMware Player, and bring up the list of virtual machines. Right-click the virtual machine that you want to defragment the virtual disk of, and then click "Virtual Machine Settings."
2. Click "Hard Disk" under the "Device" column in the left pane of the window.
3. Click the "Utilities" button on the right side of the window, and then click "Defragment." VMware will begin to defragment the virtual hard drive. While this process takes place, a status bar appears on the screen. When the status bar disappears, the defragmentation process is complete.
4. Click "OK" to return to the main VMware Player window when the virtual hard drive is defragmented.