Beetlejuice wrote:

private void InitializeComponent()
        {
            System.ComponentModel.ComponentResourceManager resources = new System.ComponentModel.ComponentResourceManager(typeof(Form1));
            this.statusStrip1 = new System.Windows.Forms.StatusStrip();
            this.toolStripSplitButton1 = new System.Windows.Forms.ToolStripSplitButton();
            this.statusStrip1.SuspendLayout();
            this.SuspendLayout();
            //
            // statusStrip1
            // 


            this.statusStrip1.Items.AddRange(new System.Windows.Forms.ToolStripItem[] {
            this.toolStripSplitButton1});
            this.statusStrip1.Location = new System.Drawing.Point(0, 121);
            this.statusStrip1.Name = "statusStrip1";
            this.statusStrip1.Size = new System.Drawing.Size(263, 22);
            this.statusStrip1.TabIndex = 0;
            this.statusStrip1.Text = "statusStrip1";
            //
            // toolStripSplitButton1
            //
            this.toolStripSplitButton1.DisplayStyle = System.Windows.Forms.ToolStripItemDisplayStyle.Image;
            this.toolStripSplitButton1.Image = ((System.Drawing.Image)(resources.GetObject("toolStripSplitButton1.Image")));
            this.toolStripSplitButton1.ImageTransparentColor = System.Drawing.Color.Magenta;
            this.toolStripSplitButton1.Name = "toolStripSplitButton1";
            this.toolStripSplitButton1.Size = new System.Drawing.Size(32, 20);
            this.toolStripSplitButton1.Text = "toolStripSplitButton1";
            //
            // Form1
            //
            this.AutoScaleDimensions = new System.Drawing.SizeF(6F, 13F);
            this.AutoScaleMode = System.Windows.Forms.AutoScaleMode.Font;
            this.ClientSize = new System.Drawing.Size(263, 143);
            this.Controls.Add(this.statusStrip1);
            this.Name = "Form1";
            this.Text = "Form1";
            this.statusStrip1.ResumeLayout(false);
            this.statusStrip1.PerformLayout();
            this.ResumeLayout(false);
            this.PerformLayout();

        }

works on me. May check different versions of that project if you use a source control and ...