Abee Chm Maker is payware, but there is last freeware version (1.3):Abee CHM Maker is a program for easy making CHM-files.
http://www.aplusfreeware.com/categories ... Maker.html
Of course old (2004), but works good, at least on XP.
Download archive with installer (~1.3 MB), open installer with e.g. 7-Zip, all needed files in \ChmMakerSetup.exe\data\Main\0\ directory.
Settings in application folder, portable/stealth.