Howdy Coradin and welcome to the forums.
it sounds like you might have moved your keyclone.exe out of its folder.
please remove any keyclone shortcuts or applications from your desktop. download the new version to the desktop.. then run it (right-click/run-as-admin if on vista). unzip into the destination folder (c:\program files\keyclone by default). then find the keyclone folder... find the keyclone application (it will have an ice cube icon)... right-click/send-to/desktop. this will place a shortcut on your desktop. if you are on vista, then right-click the shortcut/properties/advanced and CHECK the always-run-as-admin
let me know how that goes.
good luck and welcome to the addiction,
Rob
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