transperant picture box background

is there a way to make the background of a picture box transperant, because I can't use an image box for this, and why I want it is because this particular picture box is used to save an icon, but the bg of the icon if it the icon does have a transperant bg is not tranperant when saved, instead is made the bg colour of the picture box, is there a way to make the bg of the picture box transperant?

Got to VBNet, click on the "Code Library" link, then in the window that comes up click on "Bitmaps", and the first one is called "Creating Transparent Bitmaps". It gives an example of exactly what you are referring to.

Hope that helps,

~seaweed