Runtime linker error ld.so.1

Here is an error example:
bash-3.2# /usr/local/GraphicsMagick/bin/gm display
ld.so.1: gm: fatal: libfreetype.so.6: open failed: No such file or directory

What is this problem means: This is runtime linker error which tells us that this application/binary consists of more than one shared dynamic objects dependencies. ld.so is trying to link all the dependencies and not able to find few shared ojbects.

The environment variable LD_LIBRARY_PATH can be used to indicate directories to be searched before the default directories

Try ldd to print all the shared library dependencies for this binary.
bash-3.2# ldd /usr/local/GraphicsMagick/bin/gm

libtiff.so.3 => /usr/lib/libtiff.so.3
libfreetype.so.6 => (file not found)                                       <==(file not found error)
libjpeg.so.9 => (file not found)                                             <==(file not found error)
libpng12.so.0 => /usr/lib/libpng12.so.0
libXext.so.0 => /usr/lib/libXext.so.0
libSM.so.6 => /usr/lib/libSM.so.6
libICE.so.6 => /usr/lib/libICE.so.6
libX11.so.4 => /usr/lib/libX11.so.4
libsocket.so.1 => /lib/libsocket.so.1
libnsl.so.1 => /lib/libnsl.so.1
libbz2.so => /usr/local/lib/libbz2.so
libxml2.so.2 => /usr/lib/libxml2.so.2
libz.so => /usr/local/lib/libz.so
libm.so.2 => /lib/libm.so.2
libpthread.so.1 => /lib/libpthread.so.1
libc.so.1 => /lib/libc.so.1
libz.so.1 => /usr/local/lib/libz.so.1
libz.so.1 (SUNW_1.1) => (version not found)
libz.so.1 (SUNW_1.1) => (version not found)
libz.so.1 (SUNW_1.1) => (version not found)
libdl.so.1 => /lib/libdl.so.1
libmp.so.2 => /lib/libmp.so.2
libmd.so.1 => /lib/libmd.so.1
libscf.so.1 => /lib/libscf.so.1
libgcc_s.so.1 => /opt/artesia68/lib/libgcc_s.so.1
libz.so.1 (SUNW_1.1) => (version not found)
libdoor.so.1 => /lib/libdoor.so.1
libuutil.so.1 => /lib/libuutil.so.1
libgen.so.1 => /lib/libgen.so.1
/lib/libm/libm_hwcap1.so.2
/platform/sun4v/lib/libc_psr.so.1
/platform/sun4v/lib/libmd_psr.so.1

Check LD_LIBRARY_PATH
echo $LD_LIBRARY_PATH /opt/game/jboss/lib: /opt/game/java/lib: /opt/game/lib: /opt/game/lib/inso: /opt/game/java/jre/lib/sparc/client: /opt/game/java/jre/lib/sparc: /opt/game/ImageMagick-6.4.4/lib: /usr/sfw/lib/sparcv9

Find the missing library path
bash-3.2# ls -l /usr/sfw/lib/libfreetype.so.6
-rwxr-xr-x 1 root bin 882032 Jun 6 2012 /usr/sfw/lib/libfreetype.so.6

By default For 32-bit objects are /lib followed by /usr/lib.
For 64-bit objects, the defaults are /lib/64 followed by /usr/lib/64

Here in this example the 32-bit path for libfreetype.so.6 is not defined which should be /usr/sfw/lib/ instead of /usr/sfw/lib/sparcv9

Point/Link the required /usr/sfw/lib/libfreetype.so.6 under /usr/lib
bash-3.2# ln -s /usr/sfw/lib/libfreetype.so.6 /usr/lib/libfreetype.so.6

Point/Link
bash-3.2# ln -s /usr/local/lib/libjpeg.so.9.0.0 /usr/lib/libjpeg.so.9