Custom Attributes in New Product Grid
Here is how to display a custom attribute as part of the grid of new products.
First, edit app/code/core/Mage/Catalog/etc/config.xml and find this line
You will see a list of attributes: name, url_key, price, etc. Add a line with the name of your attribute in it:
Next, edit app/design/frontend/theme/theme/template/catalog/product/new.phtml
Wherever you need it to appear, type in this code:
<?php echo $_product→getNameofAttribute();?>
This method has been tested on version 1.2.