I believe you may have somehow gotten all of the files into just one directory... images will need to end up in their own sub-dir called images. Double-check the file structure of the zip you downloaded.
I used to use the full release of FetishClassic often and it's a wonderful setup. I now use many of his individual pieces. Also, look to make sure your eq2.ini file is setup the way it states in FetishDocs.doc.
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