Icon color glitchy

When I export my project as a .exe,
the color for the icon gets all weird,
I'm not sure why this is happening,
Its not transparency that's causing this crazy color problem,
anybody else know whats going on?

Could you take a screenshot?

Yeah here's the before and after effect.



Edit:
Going to football, Ill be back later to check for reply's.

Application icon support is very limited.

I always replace the exe's icon using icoFX, a free app.

Hmm a little disappointing but no problem,
thanks for the App,
I guess Ill be using this when needed

I never use an .ico file I use a .png or .bmp and haven't had any problems with my games icon.

Yeah all I did was edit the original icon,
I made it 15x15 and copied the helmet from my game and set it up as an icon, it just seemed to not work..