The best implementation I could think of would be:
int i = 0; // initialize to something
const int x = -10;
const int y = func1(x);
if (y != -1)
{
i = y;
}
The const would let the compiler to any optimizations that it thinks is best (perhaps inline func1). Notice that func is only called once, which is probably best. The const y would also allow y to be kept in a register (which it would need to be anyway in order to perform the if). If you wanted to give more of a suggestion, you could do:
register const int y = func1(x);
However, the compiler is not required to honor your register keyword suggestion, so its probably best to leave it out.
EDIT BASED ON INSPIRATION FROM BRIAN'S ANSWER:
int i = ((func1(x) + 1) ?:0) - 1;
BTW, I probably wouldn't suggest using this, but it does answer the question. This is based on the SO question here. To me, I'm still confused as to the why for the question, it seems like more of a puzzle or job interview question than something that would be encountered in a "real" program? I'd certainly like to hear why this would be needed.