The absolute best way, and take it from me, this is the best, is link constraint. Look for it in Max help file. Here's a little blurb for you.
A link constraint enables the robot arms to pass a ball.
A Link constraint is used to animate an object linking from one target object to another.
The Link constraint causes an object to inherit the position, rotation, and scale of its target object.
An example of using a link constraint is to pass a ball from one hand to another. Assume that at frame 0 the ball is in the right hand. The hands are animated to meet at frame 50, where the ball is passed to the left hand, and then spread apart until frame 100.
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