A recent post just like yours found it completed shortly after they posted.
Read http://reviews.cnet.com/5208-6121-0.html?forumID=45&threadID=29981&messageID=341078 as well as the many other DEFRAG discussions.
I have run scan disk and now am trying to de frag for the past 6 hours, when it gets to 74% complete it drops back to 69% and repeats the same thing when it get back up to 74% complete. I have also tried doing this in safe mode. same problem. I only have systray and explorer showing as running.
Win 98 1st edition/IE 6.0