Hi
For your Favourites - open Internet Explorer, then go to File>Import and Export - then follow the onscreen prompts. When you come to the 'Export Favourites Destination' screen click on Browse and select your floppy drive.
For your Address Book - open Windows Explorer and navigate to the Documents and Settings\<your account>\Application Data\Microsoft\Address Book folder. In there will be a .WAB file - that can be copied to the floppy drive.