Display an image with a transparent background

[KevinSpence 0]

I have an image that contains a transparent background. Is it possible to place the image in a window where the image background remains transparent?

I have been messing around with $WS_EX_LAYERED Extended style, but this seems to only apply to the GUI window, which makes the transparent parts of my image totally transparent! (Displaying the window or desktop under my GUI).

Can someone point me in the right direction?

Thanks

Kevin