IcoFX is an icon editor that enables you to create, retouch and edit icons.

It supports transparency and True Color for Windows XP and Windows Vista, and offers a variety of editing tools,

 including gradients, blurring, sharpening, darkening and more. Other features include real-time preview,

 icon extraction, image import, 40+ image effects,

 desktop capture and more.

Considering that it is free, IcoFX offers quite a nice array of features,

 that will meet most icon editing needs.

Testimonials
"There are many shareware icon editors out there,

but yours is freeware and still beats most of the other commercial icon editors out there hands down (and I've tried a LOT!)!

Size:1.5MB

Download IcoFX 1.62