The hard true is "No".
Don't let you fool with product names such "Compiler". Currently (after R13) the so called "compiler" is a misleading designation because what it realy is, is an encripter. It encripts .m code which therefore runs slower than the original.
I'm afraid it is not possible to just translate Matlab to C code.
In fact the Matltlab Compiler Toolbox is just a false compiler which permits you to have a *.exe but you have to install on the computer the Matlab library (150 MB).
And the 'compiled' program runs slower...
in fact direct conversion from matlab to C is nightmare..
but 4 standalone application u can do this in a easy process..
if u want 4 TI processor c code..u can do it with simulink model...
refer to this post:
and if u want straight... i have some information regarding that one..
plz have a look on this....