Another option maybe be to put the picture in the comment for that cell.
Debra Dalgleish has some tips at:
http://www.contextures.com/xlcomments02.html#Picture
Dustin Swartz wrote:
I am trying to link a .jpg to an individual cell so that it stays in on
place and can not "float around"
Does anyone know how to do this?
Thank You!
--
Dave Peterson