Inserting a watermark - problem

[Griff]

Hi,

I have noticed that when I insert a Watermark onto a word document,
Format/Background/Printed Watermark e,g, COPY, that although on screen it
appears OK, on the document when printed certain letters can be missing? In
the case above prints as C P with the O & Y missing?

Does anyone know why this is?

Regards,

Griff.