My antivirus was scanning the floppy. With so little RAM, it went virtual (to a stop!)
Try this. First, empty the Recently Used Document. I half expect you to know this since this OS has been out for 7 years now and the same method is used for the 10 year old Windows 95.
Next, if that doesn't help, see if your antivirus can be configured to not scan the diskettes.
One last thing. Is that McAfee current? I thought it was no longer being updated.
I have a Pentium II Processor, with 68 MB Ram and have McAfee 4.1 installed. Everytime I start my computer and try to open My Computer from the Desktop, the Green light for the floppy drive comes on and my computer freezes for 2 minutes. Any suggestions. Thanks.