Software
NT Workstation 4.0 with no Service Pack applied.
SQL 6.5 Workstation with no Service Pack applied.
MS loopback installed.
No network card.
Use dynamic IP via ras to ISP.
Problem
After installing SQL on the E: drive,
Enterprise Manager does not see the (local) server and
cannot connect to it.
Solution
I installed SQL on the C: drive instead of the E: drive.
It works just fine. How aggrevating!
Apparently, SQL Workstation will only install properly
on the C: drive.
I will report bug to MS.