Hi Siva,
As mentioned by Aswini, configure cmclnodelist in /etc/cmcluster directory on both the servers. The syntax is the same that you for .rhosts.
Also, make sure the hostnames listed in the cluster configuration files are in fact the hostnames configured on the servers and are properly resolvable on each server. To verify it enabled inetd with logging
#inetd -l
#tail -f /var/adm/syslog/syslog.log
(in another window)
#telnet $(hostname)
Go the other system and telnet to this system.
Observe the syslog.log to see how the connections are appearing. Do it on both hosts.
-Sri
You may be disappointed if you fail, but you are doomed if you don't try