This works for me:
*EDIT*
it also worked when I copied times.ttf to the source folder, removed the absolute pathing then moved the resulting exe to another folder.
Graphics 640,480,0,0 Incbin "c:\windows\fonts\times.ttf" Global newfont:TImageFont = LoadImageFont("incbin::c:\windows\fonts\times.ttf",20) SetImageFont(newfont) While Not KeyDown(KEY_ESCAPE) Cls DrawText "Test", MouseX(), MouseY() Flip Wend End
*EDIT*
it also worked when I copied times.ttf to the source folder, removed the absolute pathing then moved the resulting exe to another folder.