The additional include directories are relative to the project dir. This is normally the dir where your project file, *.vcproj, is located. I guess that in your case you have to add just "include" to your include and library directories.
If you want to be sure what your project dir is, you can check the value of the $(ProjectDir) macro. To do that go to "C/C++ -> Additional Include Directories", press the "..." button and in the pop-up dialog press "Macros>>".