Yes, make sure you specify the texture. When you get a "Image does not Exist error" its really easy to track down. If you say
Load Image "myimage.bmp",1
Then it is looking for a file called "myimage.bmp" where the program is being executed (the same folder as your project) So, to fix this error, simply track down any image file and copy its location eg.
C:\My Documents\My Pictures\Bird.bmp
And put that in load image. As long as you get the path name correct it should load. If you know the image exists, make sure you spelled everything correct!! Youd be amazed by how many times my code busts because I spell something wrong!
Hope that helped
RPGamer