[slime-devel] Question about current directory and M-x cd behavior

Greetings, This problem has been bothering me for awhile. If I start emacs and then slime in one directory and M-x cd to another, even though M-x pwd tells me I am in the other directory, running a simple piece of code like (with-open-file (*standard-output* "test" :direction :output) (print (get-universal-time))) demonstrates that Lisp still thinks it's "current" directory is the first directory. How do you get around this problem? The only way I know is to kill the current inferior-lisp, change directories, and start a new one, which seems somewhat over-kill to say the least. Regards, Jeff