Fuente:
http://www.vmware.com/support/ws4/doc/new_guest_tools_ws.html
Windows 98
After installing VMware Tools, click Finish. The Display Settings dialog box appears.
Click the Advanced button. The Standard Display Adapter (VGA) Properties dialog box appears. If you are upgrading from a previous version of the VMware drivers, this dialog box is titled VMware SVGA Properties.
Click the Adapter tab.
Click the Change button. This starts the Update Device Driver Wizard. Click Next.
The wizard presents two options. Choose the option to Display a list of all drivers in a specific location. Click Next.
Select Have Disk. The Install From Disk dialog box appears.
Enter the following path:
D:\video\win9x
D: is the drive letter for the first virtual CD-ROM drive in your virtual machine.
Click OK.
Select VMware SVGA display adapter and click OK.
Answer Yes to the on-screen question, then click Next to install the driver. After the driver is installed, click Finish.
Click Close in the SVGA Properties dialog box, then click Close in the Display Settings dialog box.
Click Yes to restart Windows 98 and start using the new video driver.
The VMware Tools background application starts automatically when you reboot your virtual machine.
Windows 95