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If you find that your thumbnails come back, let us know which step "made the magic".
If you move a document to another folder or disk (for example, if you take it to a service provider), be sure that you also move the linked graphics files; they are not stored inside the document.
Power Point 2003 doesn't display images in one or more task panes.
For example, it may not display thumbnail images for available template designs or slide layouts.
To determine if artwork is linked or embedded, or change its status from one to the other, use the Links panel.
If the bitmap image you place is 48K or smaller, In Design automatically embeds the full‑resolution image instead of the screen-resolution version in your layout.