コンパイルまでしたけどインストールがめんどくさかったので結局rpmで

http://people.centos.org/~hughesjr/open-vm-tools/

mkdir -p /usr/local/src/open-vm-tools && cd /usr/local/src/open-vm-tools
wget http://people.centos.org/~hughesjr/open-vm-tools/4/i386/kmod-open-vm-tools-0-0.20080502.2.6.9_67.0.15.EL.i686.rpm
wget http://people.centos.org/~hughesjr/open-vm-tools/4/i386/open-vm-tools-0-0.20080502.el4.centos.i386.rpm
wget http://people.centos.org/~hughesjr/open-vm-tools/4/i386/open-vm-tools-common-0-0.20080502.el4.centos.i386.rpm
wget http://people.centos.org/~hughesjr/open-vm-tools/4/i386/open-vm-tools-gtk-0-0.20080502.el4.centos.i386.rpm
rpm -Uvh open* kmod*

※カーネルのバージョン(smpとかも)をチェックしてね