I think you're working in VB5 which I haven't done, however if it helps at all you can do this type of thing in VB6 with the PictureClip control
As I say not sure if its in Vb5 but
this kinda indicates to me that it is...meh might be a jump off point for you.
Sorry bit late replying - don't look in this section usually! Perhaps I should start.