1. Get freetype-1.0.full.tar.gz 
2. Read docus, unpack, configure and install
3. Test the library, e.g. "ftview 20 /dosc/win95/fonts/times "
4. Get xfsft-beta1e.linux-i586
5. Install it and start it when booting, e.g. in an rc-script. 
	The manpage for xfs applies.
6. Follow the hints given by williamc@dai.ed.ac.uk
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I got xfsft from http://www.dcs.ed.ac.uk/home/jec/progindex.html.
I have it running all the time.  Here is /usr/X11R6/lib/X11/fs/config:
clone-self = on
use-syslog = off
catalogue = /c/windows/fonts
error-file = /usr/X11R6/lib/X11/fs/fs-errors
default-point-size = 120
default-resolutions = 75,75,100,100
Obviously /c/windows/fonts is where my Windows fonts on my
Win95 C: drive live; could be e.g. /mnt/dosC/windows/system
for Win31.
In /c/windows/fonts/fonts.scale I have
14
arial.ttf -monotype-arial-medium-r-normal--0-0-0-0-p-0-iso8859-1
arialbd.ttf -monotype-arial-bold-r-normal--0-0-0-0-p-0-iso8859-1
arialbi.ttf -monotype-arial-bold-o-normal--0-0-0-0-p-0-iso8859-1
ariali.ttf -monotype-arial-medium-o-normal--0-0-0-0-p-0-iso8859-1
cour.ttf -monotype-courier-medium-r-normal--0-0-0-0-p-0-iso8859-1
courbd.ttf -monotype-courier-bold-r-normal--0-0-0-0-p-0-iso8859-1
courbi.ttf -monotype-courier-bold-o-normal--0-0-0-0-p-0-iso8859-1
couri.ttf -monotype-courier-medium-o-normal--0-0-0-0-p-0-iso8859-1
times.ttf -monotype-times-medium-r-normal--0-0-0-0-p-0-iso8859-1
timesbd.ttf -monotype-times-bold-r-normal--0-0-0-0-p-0-iso8859-1
timesbi.ttf -monotype-times-bold-i-normal--0-0-0-0-p-0-iso8859-1
timesi.ttf -monotype-times-medium-i-normal--0-0-0-0-p-0-iso8859-1
symbol.ttf -monotype-symbol-medium-r-normal--0-0-0-0-p-0-microsoft-symbol
wingding.ttf -microsoft-wingdings-medium-r-normal--0-0-0-0-p-0-microsoft-symbol
                                                             
In /c/windows/fonts/fonts.dir I have exactly the same.

In /usr/X11R6/lib/X11/XF86Config I have
FontPath "tcp/localhost:7100"
in front of the other FontPath lines.
That's it!  As an interesting by-product of course, all those web
pages which specify Arial come up in Arial in Netscape ...
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7. Shut down X and restart ( and debug errors you did while setting
   up everything.

8. Test with e.g "xlsfont |grep arial"

Hope this helps