Your code works, in the sense that it executes without giving any errors,
but I still just get a blank picture box with nothing in it.

It looks to me like the problem is with the copy itself, rather than the
paste because I ran the code up to the point where it does the .CopyPicture,
then stopped it.

Then I switched to Word 2007 and did a Ctrl-V just to see what was placed on
the clipboard, and all I get is an empty picture box.

This is really weird. I wonder if this is a service pack issue? Perhaps I
have (or don't have) some Office update that you do (or don't) have.