image within a graphic?

[Brad Allen]

Is there a way to place an image "inside" a graphic, similar to the 
way a button can hold an image by setting the icon property? My goal 
is to display a circular picture. I tried all the different ink 
settings for an image containing a circular picture, but never 
achieved the desired results. The ink setting called "Transparency" 
is advertised to make all the white space of the image transparent, 
but it didn't work quite right, and has the drawback of being limited 
to Mac OS systems.

My image was created in Photoshop and saved as a transparent GIF.

Thanks!