Image Control with Picture on top of a Picturebox

Can an image control with a picture in it be displayed on top of a Picturebox without the image control being a child control of the Picturebox?

Problem: I need to show several pictures which are in image controls but if I make the Picturebox the parent control then when the Picturebox is cleared (Picture1.Cls) all of the image controls flicker

NOTE: pictures cannot be BitBlt or otherwise drawn on Picture1 as they will be erased when Picture1.Cls is executed.

I guess what I am looking for are pictureboxs with the pictures in them and a transparent background then instead of putting them on Picture1 as a child controls I could just move them to their position and make their ZOrder 0