I have a .gif with transparent edges in my PictureBox. The PictureBox background color is Magenta. I would like only the Magenta color to be transparent. Furthermore, I am able to drag my picture box around the Form, so I would like the PictureBox to keep it's transparency, showing the controls I have on my Form behind it as I drag. I do not want to use external user controls or .ocx's.

As you can see here, my PictureBox on the bottom right with the transparent .gif is loaded with it's background Magenta. I would like to be able to see the command button instead of the Magenta part of the PictureBox.
Name:  vbforums.jpg
Views: 2742
Size:  3.6 KB

Thank you.