Alan,
Yeah, I went and downloaded all 8M of the win 95 version hoping that I could compile it with B TC++ 4.5 under Win 3.11... No deal. =\
Nope. You'll have an *extremely* hard time making this work. Squeak really wants a 32bit flat address space and you won't get this unless you're using the worst of all Win32 flavours - I had been using Win32s before I ran into Squeak and realizing the pain associated with it I decided not even to try porting Squeak to any Win 3.1 versions. AFAIK, there has never been a working version of Squeak on any Windows prior Win95 (there's a DOS version still out there running on some extender - you may want to look into this).
Cheers, - Andreas