Also, to avoid copying those files to every folder, create an environment variable ARMCC41BIN and set it to the proper path (C:\Program Files\DS-5\sw\ARMCompiler5.05u1\bin in our case)
There exist also the variables ARMCC41INC and ARMCC41LIB that could be relevant at some point(?).
There exist also the variables ARMCC41INC and ARMCC41LIB that could be relevant at some point(?).