A picture based on a formula

Hello,

I am trying to get my report to have a specific picture pulled based on whether the customer has approved credit or not. This is the formula I created: "C:\Users\Karen James\Desktop\Crystal Reports\Graphics" + {@Approved or not 2} + ".jpeg"

In the graphics folder I have 2 pictures. One called "Approved" and the other "NotApproved". The formula {@approved or not 2} pulls the field in my database and gives the response "Approved" or "NotApproved"

But when I do the print preview, all customers have the same approved picture no matter what their credit report status was.

Can anyone tell me what I am doing wrong?

Thanks!