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(Note that in this code, the "white space" is actually black, since I set the background color of the top row cells to black.)
<?xml version="1.0" encoding="ISO-8859-1"?>
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml" xml:lang="en" lang="en">
<head>
<title>Test</title>
</head>
<body style="margin: 0; padding: 0;">
<table align="center" cellspacing="0" cellpadding="0" border="0" width="100%">
<tr>
<td valign="top" align="left" bgcolor="#000000">
<a href="index.html" rel="index"><img src="images/logo.gif" border="0" alt="" /></a></td>
<td valign="top" bgcolor="#000000" width="100%"><object type="image/svg+xml" data="images/top_trans.svg" width="100%" height="117"></object>
</td><td bgcolor="#000000" align="right" valign="top"><img src="images/top_art.jpg" alt="" height="117" width="493" align="right" /></td>
</tr>
<tr>
<td colspan="3" bgcolor="green" height="50">
</td>
</tr>
</table>
</body>
</html>
style="display:block;" to the img element, in standards-compliance mode images are inline elements so there will be some space left for the descenders of any text. (BTW you should lose the XML prolog in your quoted example to ensure IE6 functions with the same rendering mode as other browsers.)