MS-Excel insert a image through macro

I want to insert a image in MS - Excel 2007 with source of the image being xyz.com/234.png

Now, I want to for开发者_Python百科mat the url of this image using some cell value. Is it Possible.

Thanks,

---

ActiveSheet.Shapes.AddPicture("http://xyz.com/234.png", 
   True, True, left, top, width, height)

but I'm not sure if it'll accept a URL in place of an image file name though.

documentation