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Default Excel 2003: Bitmap as OLE object doesn't work

Hi

I am trying to insert Bitmap as OLE object in Excel 2003. I am doing
following -

Insert-Object-Create from File-Browse (to select the image)- tick Link
to file.

It inserts the image but the image is NOT linked with source file and I get
following expression in the particular cell -

=Paint.Picture|'C:\Charts\Line.bmp'!''''

and the context menu doesnt show up the Update Link option.

Can anyone help in this matter please?

Thanks in advance.

Amit
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