Icon Suite is a fully featured Icon Editor capable of creating Icon.
This product is for editting, extracting, managing, viewing icons and Cursors. It has many usefull functions such as Batch-save, creating pattern of file names for batch-save, lots of editor functions, like draw oval, square, brush size, pallette, etc.

A fully featured Icon Editor capable of creating Icon(.ico) and Cursor(.cur) files containing icons of different sizes (16x16, 32x32, 48x48) and color depths (2, 16, 256, True Color).

Additional tools include importing a picture of any size and exporting as a bitmap. you can free download Icon Suite 2.1.8 now.