How to set environment for the compile command in Win32?

[Steinar Bang]

System: Intel Pentium M, Windows XP Professional,
        GNU Emacs 21.3 (binary as distributed by FSF)

I'm trying to set enviroment variables (PATH, INCLUDE, LIB, etc.) for
the 
        M-x compile RET
command.

Is there a way to do this from inside emacs?

I've set the enviroment for the 
        M-x shell RET
command, by putting "set" commands into the
        %HOME%\.emacs_cmdproxy.exe
file.  And that works.  But this file isn't run before the compile
command is run.

Thanx!


- Steinar