Hi, one russian friend made windows95 installation tutorial on youtube. Hope it helps. I did not tried that yet, but I use windows made by this tutorial and works great.
here are drivers :
Collection of drivers for Windows 95-98
– video driver S3Trio64
– Sound Card Driver Sound Blaster 16(sb16)
– video codec indeo5
– directx 8.0 rus
– dcom95
– virtual clone cd
http://www.mediafire.com/download/jijk875lfjw6ti7/Drivers_for_Windows+95-98.zip
directx 8.0 is russian, maybe someone can give here link for english version
Maybe other people can share here experiences.