Word 2010 and Word 2007 do not display the drawing layer when you view the document in Draft view or in Outline view. When you use a Wrapping style option other than the In line with text option with a picture or with an object, the picture or the object is inserted into the drawing layer. Word 2010 and Word 2007 documents consist of separate text and drawing layers. Word 2010: Click File, and then click Print. To work around this issue, view the document in one of the following views: This issue may occur if you are viewing the document in Draft view or in Outline view. If you want to use a Wrapping style option other than the In line with text option, use one of the following workarounds. When you use the In line with text option, the picture or the object will be displayed in any view.
If you are using the In line with text option with the picture or with the object, this issue may occur if the Picture Placeholders option is turned on.