Software that creates a virtual CD drive on your system, lets you access the contents of a CD, in the form of an *.ISO image that's been archived on the hard drive. See Figure 1.
When working with older ('legacy') items, you may have a need for virtual floppy drives.
I found the following application to work for me. See Figures 2 & 3.
Virtual Floppy Drive for Windows
Description:
"Mount a floppy image file as a virtual floppy drive and access the data directly, as if it were on a physical floppy."
Homepage:
http://vfd.sourceforge.net/
Download Page:
http://sourceforge.net/projects/vfd/
Similar Software Suggested Here:
http://alternativeto.net/software/imdisk/?platform=windows