procedure TForm1.Button1Click(Sender: TObject);var
  jp: TJPEGImage;  //Requires the "jpeg" unit added to "uses" clause.
begin
  jp := TJPEGImage.Create;
  try
    with jp do
    begin
      Assign(Image1.Picture.Bitmap);
      SaveToFile('c:\oneeye.jpg')
    end;
  finally
    jp.Free;
  end;
end;