32 bit clients should get native printer connections.
Here is some info for you, hope it helps!
These steps apply to a printer that is connected directly to a workstation's LPT1 port, using a standard printer driver that is provided with Windows 2000 server. When this workstation connects to a Windows 2000 server running Terminal Services, the 32 bit Terminal services client will automatically redirect the printer port. RDP then prints to the printer as a Windows Shared Printer (RDP096 printer number 5-99, not 1-4).
Make the connection with terminal services to the remote Windows 2000 server.
Select start-settings-printers, using the start button inside the terminal services Window (not the start button on the workstation). All printers connected to local LPT ports should display, something similar to: HP LaserJet 1100 (MS)/BARRY21/Session 1. If your printer does not display, this probably means the print driver for that particular printer is not a standard driver in Windows 2000. In this case the printer must be installed manually - see Microsoft Help system as define above.
Assuming you see your local printer, right click and select "sharing". Share the printer. For example, the print share name might be "Test44".
Start a command prompt inside the terminal services window, and type NET VIEW
\\SERVERNAME, Where "Servername" is the name of the Server running terminal services. You should see your shared printer. For example, if the server name is "IRM", the command is
NET VIEW
\\IRM
Set up the printer in RDP096, using the "W-Windows Shared" option. Select a printer number from 5-99. You cannot set this printer up as a local printer 1-4. In this example, the "printer server computer name" is "IRM" and the "printer share name" is "Test44". For details on setting up Windows Shared printers in RDP, use the following link: RDP Printing Setup.
Test the printer by pressing "F2-Print screen" from any RDP screen. The output should come to the local printer.
If the workstation is running Windows 95/98, the printer will have to be shared each time the terminal services connection is made. For Windows 2000 and XP workstations, once you share the printer one time it will remain shared each time the terminal services connections is made.