Your problem may be that you're not actually linking to CLISP. The actual .exe is usually found as "...\clisp\full\lisp.exe" You might want to try changing the
(setq inferior-lisp-program "c:/lisp/clisp/clisp -K full")
to the full path of the lisp program. Mine is:
(setq inferior-lisp-program "C:/home/bin/clisp/full/lisp.exe
-B C:/home/bin/clisp/full
-M C:/home/bin/clisp/full/lispinit.mem
-K full
-ansi -q")
Good luck,
Shawn