You are trying to use an application that was probably discontinued from development. I've searched the web for solutions to this problem, and the only thing I could possibly think of is to reinstall the application. Windows 95 is very old and discontinued as well, also no updates have ben released for Graphics Advantage.
You can also obtain information from the developers themselves, but I doubt they'll provide anything since the app doesn't exist anymore. In the luckiest case, the will recommend the new version of the software.
Here is the page with the contact details: http://www.gspinc.com/contact/contact-us