// Set a new rectangle to the same size as the button's
// ClientRectangle property.
System.Drawing.Rectangle newRectangle = button1.ClientRectangle;
// Decrease the size of the rectangle.
newRectangle.Inflate(-10, -10);
// Draw the button's border.
e.Graphics.DrawEllipse(System.Drawing.Pens.Black, newRectangle);
// Increase the size of the rectangle to include the border.
newRectangle.Inflate( 1, 1);
// Create a circle within the new rectangle.
buttonPath.AddEllipse(newRectangle);
// Set the button's Region property to the newly created
// circle region.
button1.Region = new System.Drawing.Region(buttonPath);
}