Picture in drawing dissappears

I have a small company logo in my drawing templates. When Iadd an assembly to the drawing and then close and open it, thepicture disappears. If I go to the sheet format and click where theimage is suppose to be it shows the outline of it. This onlyhappens when I insert an assembly. If I insert just a part fileinto the drawing the image stays there after the drawing is closedand opened.

I tried it with jpg, gif, tif, psd images and they all do the samething.
I am on 2008 sp3.0.

Any ideas what could be causing this?SolidworksDrawings And Detailing