wouldn't recommend it, this is from microsoft
You should install Windows 95 or Windows 98 before you install Windows NT, Windows 2000, and Windows XP. This order is recommended because a Windows 95 or Windows 98 boot sector may replace a Windows XP, Windows 2000, or Windows NT boot sector with its own boot sector. Because a Windows 95 or Windows 98 boot sector identifies the partition as a FAT16 partition, Windows NT, Windows 2000, and Windows XP can no longer access NTFS volumes. To install Windows 95 or Windows 98 first, use the installation procedures that are provided with Windows 95 or Windows 98.
If you want to multiple boot Windows XP, Windows 2000, Windows NT, Windows 95 or Windows 98, with MS-DOS, install MS-DOS first.
You should install Windows 95 or Windows 98 before you install Windows NT, Windows 2000, and Windows XP. This order is recommended because a Windows 95 or Windows 98 boot sector may replace a Windows XP, Windows 2000, or Windows NT boot sector with its own boot sector. Because a Windows 95 or Windows 98 boot sector identifies the partition as a FAT16 partition, Windows NT, Windows 2000, and Windows XP can no longer access NTFS volumes. To install Windows 95 or Windows 98 first, use the installation procedures that are provided with Windows 95 or Windows 98.
If you want to multiple boot Windows XP, Windows 2000, Windows NT, Windows 95 or Windows 98, with MS-DOS, install MS-DOS first.