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I'm not sure if I understand you correctly, but I'll try an answer...
It sounds like you have a program/application that is calling MapPoint to open a map?
A program can have multiple MapPoint applications open at once.
So if you're in a multi-threaded environment, you could start a thread that starts MapPoint with the slow map, whilst another thread does the rest of the initialisation/etc.
The slow map could be loaded with MapPoint set to "not visible". Then set the visible flag to make it appear.
Richard |