If Bill Gates is such a great philanthropist . . .

[Nancy Allison]

Thanks for the helpful responses, everyone. I'm getting "Word 
Annoyances" and "Word Hacks" immediately. And, yes, Dan's solution is 
exactly what I needed.  (I misunderstood "inline" and assumed it somehow 
always involved run-in text. If' I'd thought a little harder, I'd have 
realized that wasn't very likely . . . although anything is possible 
with Word.)

There's also another solution involving inserting a frame first, but 
I'll try it another time.

I do get the idea that the floating picture options are beyond broken. 
-3.82 indeed.

--Nancy