How to do lots of 301 Redirect (Tomcat?

Does adding 301 redirect on domain effect site rank?

Hi, I have 2 sites one of them has a very high ranking and the other one with very low rank but all my content is on this website(Low ranked), now what i want to do is that put a 301 redirect on the high ranked website to point to the one which has the content. the question i have is that if i place the 301 redirect or point that domain to my low ranked site .. will it effect the higher ranked domain .. and will Google remove that domain from the 1st page of Google results? also will that effect in putting that low ranked site on the first page of results.?
Answer:

Google will refresh it's ranking system all the time, and if google find your high-ranked site is redirecting to another site, he may adjust the rank. You can see the effection in weeks.

Haroon at Yahoo! Answers Visit the source

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