|Device driver not found: 'OEMCD001'|
No valid CDROM device drivers selected
That's the error you get when trying to load 16 bit CD drivers when booting MS-DOS, something you should never see in any version of Windows from Windows 95 onwards. It is actually missing a file called MSCDEX.EXE which is loaded in the Autoexec,bat file.
So what is goin going on there is anybodies guess. Besides, if this installation was installed another computer, it is unlikely to work on any other.
I would get yourself a copy of Windows XP. Windows ME was difficult at the best of time.