Index: reactos/dll/win32/shell32/folders.cpp
===================================================================
--- reactos/dll/win32/shell32/folders.cpp	(revision 73422)
+++ reactos/dll/win32/shell32/folders.cpp	(working copy)
@@ -87,7 +87,7 @@
     return S_OK;
 }
 
-void InitIconOverlays(void)
+static void InitIconOverlays(void)
 {
     HKEY hKey;
     DWORD dwIndex, dwResult, dwSize;
@@ -161,6 +161,8 @@
     if(!SHGetPathFromIDListW(pidl, szPath))
         return FALSE;
 
+    if (!Handlers)
+        InitIconOverlays();
 
     HighestPriority = 101;
     IconIndex = NumIconOverlayHandlers;
Index: reactos/dll/win32/shell32/shell32.cpp
===================================================================
--- reactos/dll/win32/shell32/shell32.cpp	(revision 73422)
+++ reactos/dll/win32/shell32/shell32.cpp	(working copy)
@@ -307,9 +307,9 @@
         InitCtrls.dwICC = ICC_WIN95_CLASSES | ICC_DATE_CLASSES | ICC_USEREX_CLASSES;
         InitCommonControlsEx(&InitCtrls);
 
+        /* Bad idea, initialization in DllMain! */
         SIC_Initialize();
         InitChangeNotifications();
-        InitIconOverlays();
     }
     else if (dwReason == DLL_PROCESS_DETACH)
     {
Index: reactos/dll/win32/shell32/wine/shell32_main.h
===================================================================
--- reactos/dll/win32/shell32/wine/shell32_main.h	(revision 73422)
+++ reactos/dll/win32/shell32/wine/shell32_main.h	(working copy)
@@ -109,7 +109,6 @@
 /* Change Notification */
 void InitChangeNotifications(void) DECLSPEC_HIDDEN;
 void FreeChangeNotifications(void) DECLSPEC_HIDDEN;
-void InitIconOverlays(void);
 
 /* file operation */
 #define ASK_DELETE_FILE           1