I don't know that the Insert Watermark utility has settings for this.

However, a watermark is merely a graphic (or text) in a header or footer.

Go into the header/footer view and select the graphic.
Cut it.
On the header/footer toolbar, click the button for page setup and check
different first page.
OK your way out of that dialog box.
You should now be in the "First page header."
Paste your graphic back in.
Close the header/footer view.

Take a look at: How to set up letterhead or some other document where you
want one header on the first page and a different header on other pages.
http://www.addbalance.com/word/headersfooters.htm

Hope this helps,
--

Charles Kenyon

Word New User FAQ & Web Directory: http://addbalance.com/word

Intermediate User's Guide to Microsoft Word (supplemented version of
Microsoft's Legal Users' Guide) http://addbalance.com/usersguide

See also the MVP FAQ: http://word.mvps.org/FAQs/ which is awesome!
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"Jakes4rie" wrote in message
...
I have created a document with a watermark on the first page.
The moment I insert the second page it automatically adds the watermark. I
do not want the watermark in the rest of the document. Can someone out
there
please help me.

Thank you
Jakes