Struggling to get Bochs working, heres an excerpt from a great tutorial:
In this tutorial I will try to describe how to set up Windows 95 in the Windows version of the Bochs x86 emulator. There are many ways to install it but I describe one of them. You will need the Windows 95 install CD in order to fully use this tutorial. Also this was tested on a Windows 2000 machine, and in the current (1.2.1) version (when this was written) does not support physical CD-ROM or floppy access under Windows 9x/ME, so if you're using one of those systems you'll have to find another solution like making a diskimage of the CD (which isn't covered in this tutorial).