Originally posted by: Zenmervolt
Confine the new cat to a single room for a while (1-3 days) and allow your current cat to acclimate to the scent of a new animal in the house. Make sure to spend time with the new cat during this period as well so it's not freaked out, but also pay attention to the older cat and make sure he doesn't feel abandoned. This is a good idea even without an existing cat as it can be overwhelming for a cat to have complete run of a new house all at once. Better to provide a single room that is quiet and has places for the cat to hide.
After the first day, introduce the two cats with supervision. There is likely to be some bristling/hissing, which is normal. Your old cat will be wanting to establish itself as dominant in the area if he's used to having the run of things.
Until you're sure that they aren't going to maim each other, keep the cats separate at night or when you're not home. Again, some minor hissing/bristling for the first month or so can be normal and doesn't necessarily indicate that they will fight, just that they are feeling out where they stand with each other.
Here's a link that has some helpful tips, though, in my experience, it is very rarely necessary to move as slowly as they recommend:
http://www.peteducation.com/ar....cfm?c=1+2137&aid=2926
Here's another link that has, I think, more realistic information:
http://www.myhealthycat.com/multi-cat.html
ZV