Here something that i found on the forum
Step 1: Lauch Game
Step 2: Pick Configure and not Play.
Step 3: once Scan has finnished on the left pick Save.
Step 4: Click Copy Mass Effect 1 Save Games
Step 5: Pick where Mass Effect 1 Saved your games default for win 7 is C:\Users\(Username)\Documents\BioWare\Mass Effect\Save
Step 6: Top menu click Mass Effect 2 and click Save Settings
Step 7: Click File and pick Exit.
Step 8: Click Play on Laucher
Step 9: Pick New Game
Step 10: Import ME1
if the list is empty you need to do it this way.
Step 1: open your mass effect 1 save game folder default is C:\Users\(Username)\Documents\BioWare\Mass Effect\Save
Step 2: Fine the .MassEffectSave file you want (Do not copy the .MassEffectProfile file.
Step 3: open the Mass Effect 2 Save game folder and you sould see a folder called ME1 and paste the .MassEffectSave file into it default for win 7 is. C:\Users\(Username)\Documents\BioWare\Mass Effect 2\Save\ME1
Step 4: Lauch The Game
Step 5: Click Play on Laucher
Step 6: Pick New Game
