>> CREATEOBJECT("OBJECTNAME","OLEOBJECT","Imaging.Editimage.1")

If you are adding it at runtime your code should be

this.AddObject( "oImaging", "Imaging.Editimage.1")
with this.oImaging
   .Top = ...
   .Left = ...
   .Width = ...
   .Height = ...
   .Visible = .t.
endwith

CreateObject() can't be used because the control would not participate in the events of the form.