"He said all we need to do is load the monitor program, and the .asm and it should work.WRONG!! "

RIGHT. It is now clear that you bunked the class when the instructor taught about Environment Variables ;-)

Out in the wild jungle of your hard disk / floppy disk, a program needs to know where it should look for a file that it can handle. And unless you tell this information via the Path variable, the only thing that can happen is blaming instructors.

Time to enter "Path Variable " in the google search field.

Or if its too much of an effort try this,
http://www.ats.ucla.edu/stat/hlm/faq/path.htm

Raghu