Images don't show up after migrating from VS2003 to VS2005

[Guest]

After migrating my project from VS2003 to VS2005, the images in my aspx pages
don't show (only a red X is shown). But the images show up inside the Visual
Studio View Designer.

This is the aspx source:
<asp:Image ID="Image1" runat="server"
ImageUrl="~/Images/mood8.gif" />

Even the image I added after the aspx page has been migrated doesn't show
either.

PLEASE HELP!