VMWare converter failed at 97%

It said 'your maximum registry size is too small' .
One method is to change the registry size to a big num(100 or 200).  
My computer / Advanced / Performance 

The other way is use pagedefrag,   download link: http://technet.microsoft.com/en-us/sysinternals/bb897426

Run the program, set the option 'run at next boot'

restart your computer.

Then run the VMWare convert again, select config machine, select the vmx file that already generated, do the reconfiguration, after finished, you are ready to use that virtual machine.