for creating icon from any image follow these steps:-
* open corel draw 12
*go to
file menu--> export option
*now change save as type to .ico format
* click on export button
* select save location to desktop. press enter
now for applying this newly created icon to
any folder
*open property of folder
* select customize menu
*now click on change icon button
* browse button
*select your icon
*press open
*apply