Check texture view and see if it shows up there? Can we see your nodes for the material? You may already be aware of this, but the “Base Diffuse Color” image texture will need to be plugged in to the the color input for your shader. Also I notice there is an asterisk next to the image menu. You will need to save it externally before you can import it into cycles effectively. UV image editor–>Image–>Save as image–>then open it from your save location in the node editor and plug it in. Hope that helps.
