--- image.module.orig	2008-01-26 10:21:35.000000000 -0800
+++ image.module	2008-01-28 00:06:13.000000000 -0800
@@ -1105,11 +1105,11 @@
 
   $node->new_file = TRUE;
   $node->images[IMAGE_ORIGINAL] = $filepath;
-  _image_build_derivatives($node, TRUE);
 
   // Save the node.
   $node = node_submit($node);
   node_save($node);
+  _image_build_derivatives($node, TRUE);
 
   // Remove the original image now that the import has completed.
   file_delete($original_path);
