Hi accdev,

Your MERGEFIELD should look something like:
{INCLUDEPICTURE {MERGEFIELD PicName}}
where PicName is the full path, filename & extension for the picture,
although these requirements can be reduced according to how much of the
path, fileextension are incorporated into the INCLUDEPICTURE field. For
example:
{INCLUDEPICTURE "C:/My Documents/{MERGEFIELD PicName}.jpg"}
or
{INCLUDEPICTURE "C:\\My Documents\\{MERGEFIELD PicName}.jpg"}

When you mailmerge document is saved with the above coding, it should not
update with the actual picture.

Cheers