I had the same problem,
First of make sure you have your quests in:
\eqemu\quests not eqemu\quests\quests or soemthing
Then I made sure I had the newest world.exe
and opcodes.conf - I think this was what actually fxxed it because I was getting opcode errors.
Are you getting any opcode errors?
This install has all the newest files I think, If you want you could download the no installer version and just copy over the newer exe's
http://eqemulator.net/forums/showthread.php?t=18934
Wouldnt suggest using the one with the installer if you already have your db sourced.