Kodak's old ImgEdit.ocx has worked for me with every 32bit version of
Win32 and Excel up to 2002. But opening an XL2002 workbook (with an
ImgEdit control embedded on a sheet) in XL2003 fails: although the last
saved image displays, the control is no longer there as an embedded
OLEObject, and isn't recognised by vba.

It's there in the XL2003 Tools/Refererences of course, and it's icon
even appears in the sheet toolbox. But trying to drop ImgEdit onto a
2003 sheet returns a "Cannot insert object" error, while trying to drop
it onto a form returns "The subject is not trusted for the specified
action" error.

It 'feels' like the previously satisfactory ImgEdit registry entries
don't work for XL2003. Any ideas, anyone?