Bin-logging must be enabled on master. Then just dump all data from master:
mysqldump --defaults-file=/etc/mysql/debian.cnf -BA --master-data | gzip > /pathtogzipfile/filenameThis command dump all data from master and store master "binlog filename" and log position.
Copy gzipped dump to slave. Ungzip and apply (mysql < yourfile.sql). Execute "slave start;" (slave must be configured for replication before this step :)