Please write your sentences in a simpler manner---this is very difficult to follow.
Do I understand that you DO have a physical floppy drive, and that you believe it is defective?
You DON'T have floppy installed?
What version of ME CD do you have? That is, is it an "upgrade", or "store bought RETAIL," or "OEM" on a branded name (factory) computer. Won't that CD boot?
For example, "store bought" "full" versions of Winho98 won't boot. To make a bootable CD, you find a "boot image" such as from bootdisk.com
You do, however, have to have new enough Nero that will "make" a bootable CD from an "image" rather than from a floppy.
You burn a "bootable CD" using this bootdisk image, and put the "install" files off your ME cd onto the new, burned CD.
In fact, let's say you have a "legit" factory built computer, with a legit key/license, but you broke the restore CD. It is possible to make a Winho reinstall CD right off the hard drive, IF the install files are on the hard drive. You just have to find them. I'm not all that familiar with ME, but in '98, used to be in \options\cabs
I believe ME puts them somewhere else.
(According to this page, they are in C:\Windows\Options\Install)
http://www.windowsnetworking.com/j_helmig/wmecabs.htm
You just conjure together files like fdisk, format, and whatever other utilites you want, and put those, along with all the cab files, in a folder. Then you "make" a bootable CD, put your saved folder on there, and then try it on a spare hard drive.
I guess I don't have to tell you, that the time to have learned all this was BEFORE the hard drive crashed.
(laughing at myself, I've been here)