I've used a macro to show images in outllok 2003 , this is the macro:
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Public Declare Sub Sleep Lib "kernel32" (ByVal dwMilliseconds As Long)


Sub view_attachments()
On Error Resume Next


Dim oOL As Outlook.Application
Dim oSelection As Outlook.Selection


Set oOL = New Outlook.Application
Set oSelection = oOL.ActiveExplorer.Selection
Set fs = CreateObject("Scripting.FileSystemObject")


vPath = "c:\Attachments_Outlook\"
If Not fs.FolderExists(vPath) Then fs.CreateFolder vPath


vHTMLBody = "HTMLtitleView Email Attachments/title"


For Each obj In oSelection
vSubject = "FONT face=Arial size=3Attachments from: b" _
& obj.Subject & "/bbr"
vHTMLBody = vHTMLBody & vSubject
For Each Attachment In obj.Attachments
Attachment.SaveAsFile (vPath & Attachment.FileName)
vHTMLBody = vHTMLBody & Attachment.FileName & "/Fontbr"
& _
"IMG alt="""" hspace=0 src=""" & vPath &
Attachment.FileName & _
""" align=baseline border=0brbrbr"
Next
Next
vHTMLBody = vHTMLBody & "/html"


Set ie = CreateObject("internetexplorer.application")
With ie
.toolbar = 0
.menubar = 0
.statusbar = 0
.Left = 100
.Top = 100
.Height = 480
.Width = 640
.navigate "about:blank"
.document.Open
.document.Write vHTMLBody
.document.Close
.Visible = True
End With


Do Until ie.readyState = 4: Sleep 10: Loop
Set ie = Nothing


For Each obj In oSelection
For Each Attachment In obj.Attachments
fs.DeleteFile (vPath & Attachment.FileName)
Next
Next


Set fs = Nothing
Set objMsg = Nothing
Set oSelection = Nothing
Set oOL = Nothing
End Sub

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but the output is a browser window with image sign and not the actual
image.
pasting the generated code of this page & saving to a new web html page
can be watched succesfully in a web browser.

Why?

Please assist.