Running an ancient programme off a CD

Hi, I'm trying to find out how to open and run a CD from 1997 which says it wants either Windows 95 or Windows NT/4, and obviously a CD drive. I've got a Mac and also no CD drive but I'm just wondering what the best way of running it is. Can I download something onto a mac which would let me run it (presumably with an external CD drive)?

Basically, what would someone who understands computers do? :D