Configure each machine thusly:
Machine 1 :
IP : 192.168.0.1
Mask : 255.255.255.0
Gateway : 192.168.0.1
DNS : none.
Machine 2 :
IP : 192.168.0.2
as above.
You don't actually *need* any of the above except the IP's. If your machine has only 1 nic in it and isn't on a network (yours isn't really) it doesn't require a gateway ip.
The IP address should be in the 192.168.xxx.xxx range, although, again.. because yours is a closed network it's not that important.
Should you ever connect to anything else though, the address you supplied is in the public (ie, it's used somewere on the internet) range and your ISP will complain. I realise it was probably something you were remembering, and it was close... but just in case
To figure out if it's working, boot both machines up, ping the local address :
ping 192.168.0.1
then ping the other machine's address, if you get replies back from both, you're good to go.
Slick.