<ul style="background-image:url('wall.png');color:yellow">
<li>An item</li>
<li>Another</li>
<li>And third</li>
</ul>

• An item
• Another
• And third

The bullets should be inside the area of the list. IE gets it wrong.

<ul>
<li style="background-image:url('../pngs/wall.png');color:yellow;">An item</li>
<li style="background-image:url('../pngs/wall.png');color:yellow;">Another</li>
<li style="background-image:url('../pngs/wall.png');color:yellow;">And third</li>
</ul>

• An item
• Another
• And third

The bullets are outside the area of the list item by default