This was quite the learning experience for me as I have mostly only worked with pentium onward and typically only installed Windows 98 (occasionally Windows 95). I've never really worked with a BIOS that cannot see an optical drive. Discovering the Ontrack disk manager so I could use a slightly newer hard disk in this was wonderful and gave me a lot more space to work with. This was a free box too, "rescued" it from a county recycle pile after assuring the guy in charge I would not steal any old data from the dead hard drives.

My roundabout steps:
1)Mount and format hdd in Dell Optiplex GN+ and use Ontrack Disk Manager to make FAT16 partitions
2)Install hard drive back into IBM PS/1 with an optical drive as slave, insert Windows 95 CDROM
3)Use Windows 98 boot floppy to boot because it has CD drivers
4) Open setup for Windows 95, run, finish, reboot
5)System can't find the hard drive, become very frustrated
6)Reinstall Windows 95 3 times
7)Realize Ontrack needs to be installed AFTER the operating system (at least in my case???)
8:Install Ontrack from bootable floppy
9)Boot Windows 95, yay.

And then as I was making some pictures for this post the 5.25 floppy drive blew out so now it has two 3.5 floppy drives.