A few things to try:
1. In Word, if you're working in Normal view, then switch to Print
Layout view (View | Print Layout), because objects that are formatted as
"float over text" (Word 97) or as something other than "inline with
text" (Word 2000, 2002, and 2003) are not visible in Normal view.
2. In Word, click on Tools | Options | View tab | check the
"Drawings" box and uncheck the "Picture placeholders" box | Print tab |
check the "Drawing objects" box | OK.
3. If neither of the previous suggestions fixes the problem, then
try reducing the hardware acceleration setting in Start | Control Panel
| Display | Settings | Advanced | Troubleshooting. If this fixes the
problem, then you might want to check the website of the manufacturer of
your video card/graphics adapter to see if there is an updated driver
available.
