Excel 2000 sheet no display correctly in Excel 2003

Sheet created in Excel 2000 has list boxes and picture inserted from a file.
When opened in Excel 2003 the picture and list boxes do not show.
Macro is supposed to be running but I cannot find it.

The data for the list box can be seen when you unhide data area.

Compared the Excel options but do not see anything different.
Excel 2000 is running on PC with Windows 200 Pro.
Excel 2003 running on PC with Windows XP Pro