Yup, using Win XP and it works, but I may have actually Installed it when I was still using Win98SE. A few of my games survived the OS switch, though the Play option doesn't show when inserting the disk(which is the case with WW2 Fighters). So I'm probably wrong in my earlier claim. 🙁
What you might try doing, is to Explore Disk 1, then right click on the Setup.exe, then set it to Win98 Compatibility, and then try to Install it. I don't know if that will work, but I just tried it on a cd file and Windows didn't object to it. For whatever that's worth.
I went to EA's website to try and find some help, but couldn't find any mention of the game and my Search turned up nothing. You may need to try the Alcohol 120% Virtual CD suggestion, it'll rip the files from the cd then you can set Compatibility modes all you need.