I don't recommend disabling UAC. It's the only significant security improvement Microsoft has ever added to Windows, and it's a shame to disable it.
The problem arises because UAC is rather restrictive of access to stuff in ProgramData. It won't even allow access if your user account has administrative privledges
You can fix the issue by changing the permissions of the following directory:
C:\ProgramData\Autodesk\Geospatial Coordinate Systems
Right-click on the folder and select Properties, then on the Security tab, add "Full Control" for your user. I usually just select the "Users" group, and change permissions for that group to "Full Control".
Or you can try the following workaround.
http://www.winhelponline.com/blog/mapped-drives-are-not-seen-from-elevated-command-prompt-in-vista/