I think I just did it in W95.
I inserted 2 pictures in a document.
Format, borders and shading, page border.
This put the same border on both photos.
Then I right clicked on one of the photos.
Clicked borders and shading.
Chose my borders and such.
On the right at the bottom there is a drop down that ask if I want to apply my choices to:
text, paragraph,picture.
I chose picture and clicked okay.