import os
import os.path
import Image

dn = r"C:\pyphot\"

for fn in os.listdir(dn):
 if fn.lower().endswith(".jpg") and os.path.isfile(fn):
  r = Image.open(fn)
  r.thumbnail((200,200), Image.ANTIALIAS)
  os.rename(fn, fn + ".old")
  r.save(fn)