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Also, in FP2003, my in-line text graphics seem only positioned well vertically by <img [other] align="absmiddle">, but the W3C Markup Validation Service site I've just started using for validating my html code, [validator.w3.org...] , says value of attribute "ALIGN" cannot be "ABSMIDDLE"; must be one of "TOP", "MIDDLE", "BOTTOM", "LEFT", "RIGHT". But all of those choices vertically misplace the graphic with respect to the text baseline.
Tools, Page Options, Default Fonts, I believe (though I'm no expert). Also, I found 5 or 10 mins getting to grips with Style Sheets was time very well spent, as you can change pretty well everything, globally, in a trice.