One solution is to install a later operating system, then install Virtual PC, and then install Windows 95 under that. This seems to eliminate the problem.
Of course you can install any number of other Virtual Machine programs instead- VMWare is my personal favourite. As a side note I cannot think of any programs, aside from a few esoteric DOS applications, that will run under windows 95 but won't (for whatever reason) under 98SE, or even 2000.
Main reason I prefer VMWare is because it's not limited to a tiny subset of Operating Systems- Virtual PC has pretty much been "machined" by MS to only work well for a few Windows versions. Works fine when you need one of those windows versions (I don't know if 95 is one of them, but I think it is) but if you want a more generic type of virtual Machine a good bet might be VMWare player . (I don't know how it differs from workstation, though).