Selling orignial iPhone, what to do with AppleCare for original iPhone?

Hi:
I recently received a new original iPhone as a replacement and also purchased the AppleCare for an additional year of warranty in case I have the same problem on this new iPhone (the home button stopped working). So now I am considering getting the 3G and selling this new 1st gen iPhone. What can I do with the AppleCare I have?
1) Move it it the new phone?
2) transfer it to the old phone new owner?
3) all or non of the above?
Thanks,
mn3

You can look this up on Apple's web site.
"If you choose to sell or give away your Apple product, you can also transfer the ownership of the AppleCare Protection Plan. Please see the AppleCare Protection Plan Terms and Conditions for complete details."
http://www.apple.com/support/products/faqs.html

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