Windows 95 supports Win32-based, Win16-based, and MS-DOS – based applications.
As illustrated here, Win32-based and Win16-based applications run in the System VM. Win32-based applications each run in a separate address space, while Win16-based applications run together in a shared address space. Each MS-DOS – based application runs in its own VM.
For details about using Win32-based, Win16-based, and MS-DOS – based applications in Windows 95, see Chapter 22, "Application Support." For more information about VMs, see "Virtual Machine Manager" earlier in this chapter.