Yes, it’s possible although you have to do some modifications.
If you don’t have any C unit you can try to trick Windows with a DOS command.
in a DOS prompt just enter this command:
subst C: E:
This will map your E: drive as C:
After this, you can launch the ASM setup.
Another good solution is to create a small partition (4 Mb) and assign to it the C letter.
This second solution is to prefer since ASM will be able to write his web-interface log in that partion during the time