CAD tip # 871:

E.g.:
Open a new drawing using a template (Use a Template), choose the template by pressing the Browse... button, click on the globe icon (Search in WWW) and in the Look in box enter:
http://www.cadstudio.cz/dl/raster.dwt, press Open (you can also download the template file to your PC and use it locally).

Now you can use the _IMAGE command to set the real path to your raster image (for multiple images use a template with more images inserted). This functionality (plus much more) is also a part of the CADstudio LT Extension add-on product for AutoCAD LT.

For the 2000/i and 2002 versions see also the Tip 3254.