Microsoft Virtual PC: Network connectivity with Windows Server 2003

I had some trouble getting network connectivity on my virtual Windows Server 2003 Instance. Thanks to this post, I learned that I had to set the Networking Settings for the VM to use Shared Network (NAT) as the network adapter, and then:

"To fix the Shared Network (NAT) Internet no connection or not working issue, the resolution is to manually assign the IP address for the DNS Server for the guest operating system to 192.168.131.254, the virtual gateway IP address used by Virtual PC. To make the change (in guest operating system), open Network Connections folder (in Windows Vista, access via Network and Sharing Center), and right click Local Area Connection network icon to select its Properties. Then double click on Internet Protocl (TCP/IP) under General tab or Internet Protocol Version 4 (TCP/IPv4) under Networking (for Windows Vista) tab. Click to select the radio button of Use the following DNS server addresses, and then type in 192.168.131.254 into the IP address box for Preferred DNS Server. Click OK twice to exit, and voila, the Shared Network (NAT) now works as it should with Internet access."