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(setq inferior-lisp-program "/usr/local/lib/sbcl/") ; your Lisp system
(add-to-list 'load-path "~/.emacs.d/slime/") ; your SLIME directory
However, when I do M-x slime in from Emacs I get the error: "Specified program for new process is a directory". I'm not sure what this means and extensive googling hasn't produced any solid results yet. Any help out there would be most appreciated. Thanks.