Any virtualisation software that works with... gasp... Windows 95 as the *host* O/S? [closed]
If you can find an older version of Virtual PC for windows you might be able to get it running. A quick google search showed VPC for Win v5 supported 98SE so v 4 or 3 if you can find them might work (although i think Connectix only released mac versions back then). Also Wikipedia seems to think you can get partial functionality as a host with VirtualPC 2004 and 2007!
Good luck!
Bochs maybe?
If you can find something for Win98 you could install IE4+Shell Update on Win95 and it might just work.