I have recently downloaded the latest release of dev-c++. When compiling a resource file created with the Borland Resource Workshop 4.5 containing an ICON resource it faileds. After commenting out the ICON it compiles successfully. Is dev-c++ capable of compiling ICON resources?

Here's the ICON resouce that I'm working with
Code:
ICON_1 ICON 
{
 '00 00 01 00 01 00 20 20 10 00 00 00 00 00 E8 02'
 '00 00 16 00 00 00 28 00 00 00 20 00 00 00 40 00'
 '00 00 01 00 04 00 00 00 00 00 80 02 00 00 00 00'
 '00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00'
 '00 00 00 00 80 00 00 80 00 00 00 80 80 00 80 00'
 '00 00 80 00 80 00 80 80 00 00 C0 C0 C0 00 80 80'
 '80 00 00 00 FF 00 00 FF 00 00 00 FF FF 00 FF 00'
 '00 00 FF 00 FF 00 FF FF 00 00 FF FF FF 00 FF FF'
 '00 00 00 00 00 00 00 00 00 00 00 00 FF FF FF FF'
 '00 00 00 00 00 00 00 00 00 00 00 0F FF FF FF FF'
 'F0 00 00 00 00 00 00 00 00 00 00 0F FF FF FF FF'
 'FF 00 00 00 00 00 00 00 00 00 00 FF FF FF FF FF'
 'FF FF F0 00 00 00 00 00 00 0F FF FF FF F0 0F FF'
 'FF 1F 1F F8 88 88 88 88 FF FF 1F FF FF F0 0F FF'
 'FF F1 11 1F F8 88 FF FF 1F F1 FF FF FF 00 00 FF'
 'FF FF 11 11 1F FF 11 11 11 11 FF FF F0 00 00 0F'
 'FF FF 11 11 11 11 11 11 11 1F FF FF F0 00 00 0F'
 'FF FF F1 11 11 11 11 11 11 1F FF FF 00 00 00 00'
 'FF FF F1 11 11 11 11 11 11 FF FF FF 00 00 00 00'
 'FF FF FF 11 11 11 11 11 1F FF FF F0 00 00 00 00'
 '0F FF FF F1 11 11 11 11 1F FF FF 00 00 00 00 00'
 '00 FF FF F1 11 11 11 11 FF FF FF 00 00 00 00 00'
 '00 FF FF FF 11 11 11 11 FF FF F0 00 00 00 00 00'
 '00 0F FF FF 11 11 11 1F FF FF F0 00 00 00 00 00'
 '00 0F FF FF F1 11 11 FF FF FF 00 00 00 00 00 00'
 '00 00 FF FF F1 11 11 FF FF F0 00 00 00 00 00 00'
 '00 00 FF FF FF 11 1F FF FF F0 00 00 00 00 00 00'
 '00 00 0F FF FF F1 1F FF FF 00 00 00 00 00 00 00'
 '00 00 00 FF FF F1 FF FF FF 00 00 00 00 00 00 00'
 '00 00 00 FF FF FF FF FF F0 00 00 00 00 00 00 00'
 '00 00 00 0F FF FF FF FF 00 00 00 00 00 00 00 00'
 '00 00 00 0F FF FF FF FF 00 00 00 00 00 00 00 00'
 '00 00 00 00 FF FF FF F0 00 00 00 00 00 00 00 00'
 '00 00 00 00 FF FF FF F0 00 00 00 00 00 00 00 00'
 '00 00 00 00 0F FF FF 00 00 00 00 00 00 00 00 00'
 '00 00 00 00 0F FF FF 00 00 00 00 00 00 00 00 00'
 '00 00 00 00 00 FF F0 00 00 00 00 00 00 00 00 00'
 '00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00'
 '00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00'
 '00 00 00 00 00 00 00 00 00 00 00 00 00 00 0F FF'
 'FF F0 0F FF FF E0 07 FF FF E0 03 FF FF C0 00 7F'
 'FE 01 80 00 00 01 80 00 00 03 C0 00 00 07 E0 00'
 '00 07 E0 00 00 0F F0 00 00 0F F0 00 00 1F F8 00'
 '00 3F FC 00 00 3F FC 00 00 7F FE 00 00 7F FE 00'
 '00 FF FF 00 01 FF FF 00 01 FF FF 80 03 FF FF C0'
 '03 FF FF C0 07 FF FF E0 0F FF FF E0 0F FF FF F0'
 '1F FF FF F0 1F FF FF F8 3F FF FF F8 3F FF FF FC'
 '7F FF FF FF FF FF FF FF FF FF FF FF FF FF'
}