I am selling my laptop w/out the OS install disc.  What things must i do...

Hello! I am selling my laptop but I lost the Mac OS install discs. Therefore, I would like to rid all of my personal stuff from the computer so that the new user will have a fresh new experience. Because I do not have the OS install discs, I do not want to just zero-out the hard drive because I have nothing to reinstall everything. Is there a feature that I can access that would allow me to reset the master account? I want to separate the link between my computer and my mobileme email, as well as anything else that can be traced back that I am cannot remember right now.
Any other recommendations as well?

You can't transfer the license to Apple software to a new owner without including the original install discs. To do so is a violation of the license agreement; in other words piracy. Therefore you must delete ALL software from your Mac before selling it. Zero out the hard drive. Tell any potential buyers that no software or install discs are included.
I also recommend doing what nerowolfe suggests, try and obtain a set of replacement install discs from Apple before selling. The nominal cost of doing that should more than make up the difference between what you could sell the Mac for with no software included.

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