If you already have Slackware installed this won't help you, but ...
With grub installed to your MBR and Slackware's lilo installed to the Slackware partition, chain load Slackware from grub:
Code:
title Slackware 12.1
root (hd0,3)
rootnoverify (hd0,3)
chainloader +1
This boots grub, then you select Slackware and lilo boots from the Slackware partition. Just change the values in my example to fit your partitions.