Using ImageMagick without root access:

I have installed the Image Module on a Drupal 4.5 installation...

I have installed the ImageMagick binaries "without root access" using the following method:
http://www.ez.no/ez_publish/documentation/obsolete/installation/manual/i...

I have installed ImageMagick in the home directory of Drupal: i.e.

WWW
-database
-files
-ImageMagick
-images
-includes
etc.

In Administer->Settings->Image I have the following paths:
Default Image:
gallery/
Default Thumb
thumbs/
Temporary Image Path:
tmp/
ImageMagick:
ImageMagick/bin/convert

When I create content, and add a picture, I get a little box with a red X in it. I look at the tmp directory, and I see the file is there.

Any ideas? Do I need to enable any other modules of Drupal for this to work properly? like Upload?
Would I get an error if ImageMagick was not working correctly?

Thanks,
Robert