Not sure, but I don't think you can use the PictureBox control outside the MS Development suite. The closest thing I can think of is the MFC Image Control that comes with any window's O/S.
Have you considered making your own OCX's?. With Delphi7, I can take any Delphi object and turn it into an OCX, which I can then use in our progress applications. I believe that the MS Suite should have a similar capability.