Surpress Blank Space when inserting images using OLE objects onto Picking Sheets

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I figured out how to add images to our picking sheets, but not all items have images and those that don't leave a huge blank space where the image is supposed to be. Is there a way to "collapse" this space if there is no image associated with the product? 

I already have it set to suppress if there is no image file, using: 

formula = {CI_Item.ImageFile} = "" 

But it still leaves a big empty space.