Missing Toolbar Icons

My SmartFTP client doesn't show the images on the toolbar buttons unless the mouse is over them. Instead they show a circle with an X in it...

Here is a link to see what I mean

http://www.coffee-minion.com/temp/smartftp.jpg

I have uninstalled, reinstalled, etc and I still get the same problem. Running Win2k with all the updates.

Anyone know what might be going on?