Dim psh As PROPSHEETHEADER
  With psh
...
    .dwFlags = PSH_WIZARD97 Or PSH_HEADER Or PSH_WATERMARK

#ifndef WINVER
#define WINVER 0x0400          // Default value is 0x0400
#endif

#ifndef _WIN32_WINNT
#define _WIN32_WINNT 0x0400    // Default value is 0x0400
#endif

#ifndef _WIN32_WINDOWS
#define _WIN32_WINDOWS 0x0410  // Default value is 0x0410
#endif

#ifndef _WIN32_IE
#define _WIN32_IE 0x0500       // Default value is 0x0400
#endif

If you go cruising through the commctrl.h header file, you'll find that there are two different definitions for PSH_WIZARD97: 

#if (_WIN32_IE >= 0x0400)
...
#if (_WIN32_IE < 0x0500)
#define PSH_WIZARD97            0x00002000
#else
#define PSH_WIZARD97            0x01000000
#endif
...
Why are there two values for PSH_WIZARD97?

'Public Const PSH_WIZARD97 = &H2000 'Creates a Wizard97-style property sheet, which supports bitmaps in the header of interior pages and on the left side of exterior pages.
Public Const PSH_WIZARD97 = &H1000000 'Creates a Wizard97-style property sheet, which supports bitmaps in the header of interior pages and on the left side of exterior pages.