Answer:
If there is no direct method to do so in Lycos, here is an alternative:
Hit the Contol+PrintScn buttons at the same time. Then enter into the Paint function. Select Image, then select Stretch Skew and in both the horizontal and the vertical boxes enter 75. When the image has been reduced, save it, then reload the image as your image of choice. Your image has been shrunk. If its still not small enough, continue entering equal numbers less than 100 until you reach your ideal size.