The only way to do this is to save the file path of the picture in a text file and load the picture in upon runtime. The best option would be to use a common dialog control to allow the user to select the desired picture then copy that picture to the location of the executable. Then read load the picture in from there everytime the program is run. Yu woul dbe better off using an imagebox as then the picture can be resized.

Code:
picture1.picture=loadpicture("...")
Rich