I have PSP8, set to PSP7 settings. So this tutorial might not be exactly how to make your JPEGs great quality in PSP, but I'm pretty sure it's vaguely the same in most programs.
This is just a very basic, quickie tutorial on how to save icons in Photoshop (these screenshots are from PS 7.0 for the PC, but apply to some other versions too) so that you don't lose quality or compromise the image colors
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