Hi Jepetto,
Word graphic objects are 'anchored' to a paragraph mark in
Word. The anchorline that connects a paragraph mark and a
graphic cannot extend across a page boundary. If the
(end of)paragraph mark(er) is pushed onto the next page
by text preceeding it then it will also drag the graphic
to that next page with the marker.
If, as Suzanne mentioned, you have used a text wrapping
style then text can flow around a graphic provided that
there is sufficient space between the graphic and the
page margin for text to wrap an provided that the graphic
isn't a full page one.
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It is possible to make a image float to the next page and
fill the gap with text? Like LaTeX does.
Thank you>>
--
Let us know if this helped you,
Bob Buckland ?

MS Office System Products MVP
*Courtesy is not expensive and can pay big dividends*
Office 2003 Editions explained
http://www.microsoft.com/uk/office/editions.mspx