have you go the box it will say what versions of windows it can run on then try and run it in the right compatibility mode what bit is your windows 7 i.e. 32x or 64x?
well you can get virtual machine viewer software for free, try download.com
Windows... well i'll leave that up to you
does the game run in dos if so get dosbox
http://www.dosbox.com/ rread that the game runs in win 95 dos
dos box is a really excellent program and can do a lot of things if you read the instructions through.
It also is a lot faster than any win 95 computer.
Ive had a go at dosbox all afternoon, seems really to complex for me.
Currently I have Virtual Machine but struggling to boot 95, cannot read boot medium.
dos box is really not hard to use mate