2007 Compatibility Mode (graphics not displaying using 2003)

[goofy11]

I have a presentation that was created using PowerPoint 2007. I need to
share this with others using 2003. After doing a Save As "PowerPoint
97-2003", I see that it now says it's in Compatibility Mode, which I assumed
would now work for those using 2003. But now when the presentation is opened
in 2003, most of the graphics do not display properly--it just shows orange
blocks where the graphics are. Most of the images are Device Independant
Bitmaps. Can someone help here?

Thanks.