IconCool Icon Editor is an icon editor that has all the functions for creating and editing ICO, ANI, CUR, GIF, JPEG, WMF, EMF, TGA, and WBMP files. You can convert images in 25 formats to icons, and you can modify or replace icon images in EXE, DLL, ICL, or any other format directly. The program includes 60 image filters, including blurring, sharpening, embossing, diffusing, and color balance. It has 15 image effects, including linear gradient, radial gradient, rectangular gradient, WAV, 3D shadow, 3D button, text gradient effects, noise, and arbitrary rotation. It has a smart image-capturing tool, which can be used to capture various-size images from desktops or from any other software. It supports Windows XP icons in 32-bit color depth with an alpha channel, so that you can create semitransparent XP icons.

Version 5.60 build 70710 includes improvements for Vista icon and GIF formats creation.