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While starting the application the splash screen shows up (loading all the dlls) but it finally freezes listing "Building Menus" as shown under.

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Launching the application again and again...

Thanks Bill. I appreciate your help.

Although I used the icon image just to demonstrate what I wished to do. I may not be using it for making transparent icons, but that's fine, I was just...

Well, even a manual procedure would be appreciated. lol!

...anyone?

Well, I would suggest you do the annotation job in MS Paint (native image editor for Windows). Its Font Rendering is far superior (for smaller font sizes) than any other software.

Once done, copy...

Can Paint-Shop automatically "generate" a transparent image using a set of images with different color backgrounds?

For example; if I have these three images of my Recycle Bin, over a series of...