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I tried these. The best were Winzip self-extractor, Skinny Zipper and SEAU. All have drawbacks. Skinny zipper only extracts to the double click directory. SEAU has a no-commercial use warning and nasty MSDOS window commands. Winzip self extractor costs $49 but is the one we use.
WinZip Self-Extractor

Self-Extracting Archive Utility (SEAU) -A program that creates self-installing archives. Shareware version available for download.

DaveCentral: File Utilities - Compression, Page 6

JCL Developments - QuikZip Deluxe

Skinny Zipper

SVI download

Compression Utilities for Windows 95