In Office 2003, my watermark does not display correctly. It is displayed
partially behind the text.

billb wrote:
In Office 2003, my watermark does not display correctly. It is
displayed partially behind the text.

Watermarks are *supposed to be* behind the text. What do you want to happen
instead?

To fiddle with various effects, do this:

- Open the header area in the page or section containing the watermark.

- Click on the watermark, so it shows the little "handles" around the sides
and corners.

- If the Picture toolbar isn't visible, click View Toolbars Picture.

- On the toolbar, click the Text Wrapping button (its icon is a dog on a
hatched background). In the dropdown menu, select any of the choices except
"In line with text". See what the various choices do.

- Close the header area.

--
Regards,
Jay Freedman
Microsoft Word MVP FAQ: http://word.mvps.org