Originally Posted by Vincent_Vega
I would really recommend taking a little time to learn about GRUB and especially the 'chainloader' option. It's a great bootloader and down the road you'll almost definitely want to use it.
Advantage of Lilo is that it fits completely in the MBR. So a if menu.lst goes missing or gets corrupted for some reason, you can still boot. If, in the case of Grub, one of its files goes missing or gets corrupted, you immediately have problem.