1. A method of analyzing a single color composite image produced from a plurality of multiparameter magnetic resonance images, the method including the steps of: identifying a region of interest in the composite image, identifying the proportional color contributions of red, green and blue of the selected region of interest; analyzing the color coefficient values originally assigned to each independent image for the production of the color composite image and the average signal intensities of the regions of interest provided by each image; listing potential anatomical, physiological or pathological features associated with the analyzed region of interest based on the proportional influence from each color contribution and image which produced the composite.