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To add a token to the watchlist of the MIST Wallet, you have to know the address of the token contract. Watching a token does not have any effect on the blockchain, its just watching! Watching a token with MIST has an additional effect. If you own a token, the token will be indicated on the wallet page together with the account owning the token.

As an example, we'll show how to watch a token with the Ethereum Foundations Unicorn token. More information on the background of the token can be found on the Ethereum Homepage.

To add the Unicorn Token to your watch list, the following steps are necessary:

  1. Open MIST Wallet and click on the "Contracts" tab.
  2. Scroll to the bottom and click Watch Token.
  3. Add the address 

    0xbb9bc244d798123fde783fcc1c72d3bb8c189413

     and the remaining information will be loaded automatically.
    Screenshot

  4. Click Ok and your token will be added.

Instead watching the token in the MIST Wallet, you can also use a blockchain explorer:

https://etherscan.io/token/TheDAO

or

https://live.ether.camp/account/bb9bc244d798123fde783fcc1c72d3bb8c189413

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