procedure TForm1.Button1Click(Sender: TObject);
 var
    Icono:TIcon;
    Bitmap:TBitmap;
    Jpg:TJpegImage;
 begin
   {Creamos para uso temporal}
   {Create to temporal use}
   Icono:=TIcon.create;
   Bitmap:=TBitmap.create;
   Jpg:=TJpegImage.Create;
   {Cargamos el .ICo}
   {Load the .ICO}
   Icono.LoadFromFile('C:\DiscoC\Delphi3\Images\Icons\Chip.ico');
   {Hacemos la conversion}
   {Make the conversion}
   Bitmap.Height := Icono.Height;
   Bitmap.Width := Icono.Width;
   Bitmap.Canvas.Draw(0, 0, Icono);
   Jpg.Assign(Bitmap);
   {Grabamos el JPG}
   {Save the JPG}
   Jpg.SaveToFile('c:\kk\Chip.Jpg');
   Icono.Free;
   Bitmap.Free;
   Jpg.Free;
 end;