I think you may be able to open it if you go to File > Options > Trust Centre > Trust Centre Settings > File Block settings and then un-check the box next to Word 95. I tried this on my machine, but I don't have an old file to test it with. Here's a screenshot of the part you need:
It's blocked for security reasons, but you can force it to open the file if you wish (and only if you trust the file!).
Please let me know if that works
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