Nope, the ImageList ActiveX is initiated like the following:
(suppose that This.ImgList is your ImageList)

This.ImgList.ListImages.Clear &&To clear the image list
This.ImgList.ListImages.Add(,"rocket",LoadPicture("icons\industry\rocket.ico"))
This.ImgList.ListImages.Add(,"jet",LoadPicture("icons\industry\plane.ico"))
This.ImgList.ListImages.Add(,"car",LoadPicture("icons\industry\cars.ico"))

The above code is adopted from VB to VFP by me (source Windows Controls Help - ImageList - to call it in design time press the right button on your ImageList Control and from the context menu choose Help)

Kind Regards