WallMaster is a nice utility for managing your desktop wallpaper.
You can easily cycle your wallpapers at different intervals or at Windows startup.
Use your favorite images as wallpaper and choose from a full palette of background colors.
The program supports up to eight image file formats. Even your icon files can grace your screen.
The program works quietly in the background. Simply click its icon in the system tray to access it.
A nice feature is that the program can automatically detect and discontinue use of bad graphics files.
Enhance images with gamma correction and hide all desktop icons with a click. Add, remove and edit in list-form via a panel on the program's interface.
To herald wallpaper changes, play your favorite WAVE audio files.
WallMaster is a good alternative to Microsoft Plus!.
It's ActiveDesktop compatible and should handle all your wallpaper needs.