I would Use Acronis Imagig software. You can download it with free trial for 5 PC.s
It requires a bit of research and reading but the resaults are wicked :P
http://www.acronis.com/ent
You will have to Install it first. Then create an Image from your Win 95 machine. Then create a Virtal Machine and Deploy that Image onto it.
You will have to use a special patch which let's you to Deploy image onto different hardware. It's called Universal Deploy.
It is a bit complicated but you'll agree with me if you'll decide to go for it. After you'll get familiar with Acronis you'll never Install an OS in the same conventional way again. Also if yuo register yourself with them, (FREE) you can just email their support and ask for help or tips on how to use it. In myu case I even asked for few extra trial license keys for my Testing. They gave me 3 extra for free :P
Just say to them that you might be interested in buying and they'll do almost everythign for you :)
:D Plese have a look. And let me know what you think.
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by: andrew_aj1Posted on 2008-11-21 at 08:41:31ID: 23014571
You might want to look at VMWare converter for converting a physical machine to a virtual pc. You can get it here:
http://www.vmware.com /download/ converter/
You can then use this program to convert it to virtual pc format (or why not just use VMWare Server which is free)
http://vmtoolkit.com/ blogs/anno uncements/ archive/20 06/11/20/v mdk-to-vhd -converter -available .aspx
I hope this helps. Good luck.