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Looking at the data, we can see some hidden code after and the decipher routine (XOR 0x6B) in the Trojan-Downloader.
Removing the picture data, applying a decipher home made tool, we get the Antivirus XP 2008 rogue installer.
Edit: This trick is not new, it has been seen on many other infections like tibs or with this Desktop Hijack.