How do I change my CD-ROM drive letter

To change the drive letter of your CD-ROM you first need to boot into "Windows 95 Safe Mode" which allows you to make system changes. You can boot into safe mode by hitting "F8" on startup and selecting Safe Mode from the menu that appears.
Right click on My Computer,
Select Properties,
Click on the Device Manager Tab,
Click on the '+' next to CD-ROM Drives,
Select the CD-ROM drive whose letteryou want to change,
Click on Properties,
Select the Settings Tab, and Change the drive letter to what you want.

Note: Apparently this also works for Zip, Bernouli and Syquest drives although this has not yet been tested.