You need two things to make it work correctly on Windows 95. You need to instal DCOM for Windows 95 and ODBC. I know you can download DCOM from the Microsoft site but I am not sure about ODBC. Search for it in the downloads directory. If it does not show up then search for "MDAC" and download MDAC2.5 to install on your machine. The MDAC components will include ODBC.
ODBC is also included in MS-ACCESS, MS-OFFICE and MS-Visual Studio.
I found the ODBC25.EXE file, downloaded it, and extracted it to the same directory the ODBC25.EXE. The ODBC32.DLL file is there. However, when I try to start the php.exe the same message 'obdc32.dll not found' appears. Do I need to copy the .dll's from the ODBC25.EXE file into my WINDOWS or SYSTEM directory?