here are the min specs from microsoft:
Personal computer with a 386DX or higher processor (486 recommended)
4 megabytes (MB) of memory (8 MB recommended)
Typical hard disk space required to upgrade to Windows 95: 35-40 MB The actual requirement varies depending on the features you choose to install.
Typical hard disk space required to install Windows 95 on a clean system: 50-55 MB The actual requirement varies depending on the features you choose to install.
One 3.5-inch high-density floppy disk drive
VGA or higher resolution (256-color SVGA recommended)
I'd say go for it, it's not going to run very quickly, but it will run.