Androo: I meant psychological problems. The fact that my site is down means I have a problem with the provider, in that they basically deleted it and I haven't taken the time to make a new site.
mr. K: Change the icon to Index Color mode, and select 256 colors adaptive. Then go back to Image > Adjust and select Color Table. Choose the eyedropper and make white transparent. If by doing this, you take out some of the pixels within the compass, then forget this step. Select the magic wand, make sure it is set to contiguous but not anti-aliased and 0 tolerance, and select the background (make sure it is on a different layer than the actual background layer) and push delete. Then export/save it as a GIF with transparency. (I did this all off the top of my head, so some things might be labeled slightly differently or in a different place.)