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I think this program [tool] is great; It's the 'image resizer' powertoy. Once installed, you just right-click on a pic, choose 'resize image'. You can pick 'large', 'med', or 'small' sizing. It creates a new pic file with the [large], [med], etc. suffix. I think the compression is good, its as good or better than anything I've used before [which doesn't say much]. Microsoft XP only, free.
 I don't know if I should actually post the link. It's easy to find searching for 'powertoy microsoft'.