A. A. Yes. See below.

Microsoft SQL Server 7.0 running on a Windows 95 or Windows 98 computer with
Microsoft Internet Explorer 5.0 installed.

Problem description:
Installation of Internet Explorer version 5.0 on a SQL Server 7.0 Windows 95
or Windows 98 computer may cause wizards and property sheets (tabbed
dialog boxes) that display an edit control to generate exception errors.
Generally, this problem is reported on the Windows 95 or 98 computer as a
general protection fault.
This problem only affects the user of the client wizard tool. It has no
effect on the server.

The problem is fixed in SQL 7 SP1 which is now available.