Index: /trunk/sites/all/modules/teaserthumbnail/teaserthumbnail.module
===================================================================
--- /trunk/sites/all/modules/teaserthumbnail/teaserthumbnail.module (revision 185)
+++ /trunk/sites/all/modules/teaserthumbnail/teaserthumbnail.module (revision 189)
@@ -48,4 +48,12 @@
     '#description' => t('Minimum width a picture should have to be used as a thumbnail.'),
     '#maxlength' => '50',
+    '#size' => '50',
+  );
+  
+  $form['default_thumbnail_settings']['teaserthumbnail_blank_image'] = array(
+    '#type' => 'textfield',
+    '#title' => t('Blank image'),
+    '#default_value' => variable_get('teaserthumbnail_blank_image', ''),
+    '#description' => t('Image to display when node have no image. Please input image path relative to sites/default/files or leave blank to display no image'),
     '#size' => '50',
   );
Index: /trunk/sites/all/modules/teaserthumbnail/views/views_handler_field_teaserthumbnail.inc
===================================================================
--- /trunk/sites/all/modules/teaserthumbnail/views/views_handler_field_teaserthumbnail.inc (revision 181)
+++ /trunk/sites/all/modules/teaserthumbnail/views/views_handler_field_teaserthumbnail.inc (revision 189)
@@ -44,4 +44,7 @@
     $node = NULL;
     $thumbnail = db_result(db_query("SELECT filepath FROM {teaserthumbnail} WHERE nid = %d", $values->nid));
+    if(empty($thumbnail)) {
+      $thumbnail = variable_get('teaserthumbnail_blank_image', '');
+    }
     if (!empty($thumbnail)) {
       if (empty($this->options['original_picture'])) {