I did....
It was hard work though, how far have you got with your mail merge fields?

if you press alt+F9 you will see the merge field code
i then added my merge field source spreadsheet with filepaths to my images needed and used this

{ include picture {if true"{MERGEFILED pupil_mins_lost_imagepath}" \d }

press alt+F9 and preview the results and your image should appear if it exists in the image path in your mail merge source