1)   IconEdit2 5.5
Create and edit your icons with easy-to-use TrueColor Icon Editor. IconEdit2 allows you to paint, search for icons in your files and capture screen areas. Supports 256x256 PNG-compressed Windows 7 icons. Allows creating multi-image icon files.

 2)   IconCool Studio 7.42.120222
IconCool Studio is a complete solution for 32 bit icon editing and creation. The program includes all icon editing tools, as well as a variety of filters and effects that can be used to enhance your icon designs.