Extract the file using your program of choice (I use 7zip)
In the main directory, select "Project 64" (it has a green icon)
Select options, and go to your settings:
Under the directories section, make sure that the texture path is pointing at the texture folder in the AKI Evolution directory. I repeat: MAKE SURE THE TEXTURE PATH IS POINTING AT THE RIGHT SPOT. THIS IS THE MOST COMMON THING PEOPLE DON'T DO.
Next, select options and click on "Configure graphics plugin"
Tick the box labeled "Force Alpha Blending"
Next, select file/open rom, find the AKI Evolution rom and select it.
After the game loads, you'll see a new option at the top labeled "system", click it and select "cheats"
In the cheat window, make sure the ONLY box ticked is the one labeled "AKI Evolution".
You are ready to play. You may need to reset the emulator after selecting the cheats.