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It should be made clearer that you must set the ColorDepth property to cd32Bit manually for Alpha blended bitmaps and PNGs to be displayed properly. There should be a note about this either on the main TImageList page or on the ColorDepth property page or both places. This has been bugreported as QC #67544 for a while now. --Andersa (talk) 04:03, 31 October 2012 (PDT)