Hello,

here's what I did:

- I installed Windows 2000 Professional on my VMWare Fusion

- Then I created a .dmg file called win95a.dmg via the Disk Utility on Mac OS X Leopard
- After which I converted to a .img (floppy image) it in my Home Folder via the following Terminal Command: hdiutil convert Win95B.dmg -format RdWr -o win95b.img

- I then modified the settings of my Win2k VMWare to make it use the .img as the floppy disk

- Then I ranned the .exe included on this website to make the disk, on Win2k in my VMWare, it formatted the disk, copied the files and voila.

- Then jumped to a Win95 VMWare I just made and configured the Boot CD to be my Win95 disk image, and then I also added a floppy with my win95a.img that I just created.

Good news! It Works!
Turns out the only way to correctly format it for boot was through Windows XD. I tried several ways before via the Mac directly, but never worked, even in Fat Partition for the .img.

So, as I am a very good fellow,
here is a link to the file (hosted on my own servers)
www.drazzil.com/win95a.img

XD enjoy