This guide is from Nick Jacobsen (Lokkju) and reproduced here to help others find it.

Minimal instruction set for performing a LIC v2 install on a fresh CentOS 5.2 install.

I started with an absolute minimal install, so there should be no packages other then those below that are needed.

Lines starting with "$" are shell commands.
Lines starting with "#" are something you need to do.

# In Hyper-V: Mount CentOS 5.2 ISO image

$ mkdir -p /media/cdrom
$ mount /dev/cdrom /media/cdrom
$ yum --disablerepo=\* --enablerepo=c5-media install gcc make gnupg kernel-devel
$ umount /dev/cdrom

# In Hyper-V: Mount Linux Integration Components ISO image

$ mkdir -p ~/linux_ic2
$ mount /dev/cdrom /media/cdrom
$ cp /media/cdrom/drivers/dist/* ~/linux_ic2/ -R
$ cd ~/linux_ic2/
$ make install
$
reboot

-------------------------------------------------------

YOU ARE DONE!

To verify, look for the new seth* network interface.