Get rid of the extra variables. First try to just copy the file from the CD-R to the hard drive, and IF that works, THEN decide what to do with it...
... but as Proximon mentioned, it's not likely you have any app on Win95 that can handle an Office 2010 document unless it was saved in an old legacy format, which by the way is something I always do if possible (if it can preserve the formatting enough). It's a pet peeve of mine that we all have to update MS Office because someone starts sending out files that aren't backwards compatible.
I am using windows 7 now, I am sure you can get it to work with a little messing around and good Internet connection, you want get the latest flash animations,
but that might be a good thing, Have fun with it,