Using the Excel importer, can you add an image from file reference?

In the Excel Importer, you can attach images to a Test Script with:

testscript.steps.attachment=J

Where the column J contains text such as "Q:\Filename.JPG"

Or you can embed an image in the expected results field, for example, with

testscript.steps.expectedResult=F & " " & image(I)

Where column I contains an image embeded in the excel document (and F is text)

Is there a way to place an image into expectedResult from a file reference? 

I have tried placing "Q:\Filename.JPG" in column "I" and using image(I), but that does not work.  I have also tried BMP and PNG formats.  Does image() only work with images embeded in an Excel Column?

I am using RQM 5.0