Ok here is what you want to do. I tested all these steps myself, and verified it works :D
1st. Download a bootable win95 iso from here
http://www.allbootdisks.com/download/iso.html
- Next download a trial version of Ultra ISO from here
http://www.ezbsystems.com/ultraiso/history.htm
- Now open the win95 iso you downloaded with Ultra ISO, and copy of the contents of the windows 95 cd into the ISO and save it.
- Now grab a copy of VMware Player from here.
http://www.vmware.com/products/player/
- Now create a new vm, make sure to point the cd to the modified image
- Now use fdisk to make your c drive partition
- Now send a ctrl-alt-del, and real fast, click in the window, and hit f2 real fast.
- Now format the c: drive.
- Now go back to your c: drive and create a win95 folder (c:\win95)
- Now go to your win95 cd (Probably R:)
- Now copy everything to the folder on the C drive you created (copy *.* c:\win95)
- Now go back to your c drive, then change to the win95 folder (c:, cd\win95)
- Type Setup.exe
- After the first reboot, hit f2 again, and change the boot order so that the Hard Drive is the 1st thing on the boot order, save the changes, and exit the bios.
- Finish the install, and you should be all set.