In Word 2000 Help, under "watermark", you'll find this:
Add a watermark to a printed document
To print a watermark, you must insert it into a header or footer. The
watermark is printed wherever you place it on the page - it doesn't have to
be confined to the area at the top or bottom of the page.
1.. On the View menu, click Header and Footer.
Show Me
2.. On the Header and Footer toolbar, click Show/Hide Document Text to
hide the text and graphics in the main document.
3.. Insert a graphic - a drawing object such as an AutoShape, clip art,
WordArt, or picture - or insert a text box.
How to insert a graphic
How to insert a text box
4.. On the Header and Footer toolbar, click Close.
Notes
a.. To view a watermark as it will appear on the printed page, use print
layout view or print preview.
b.. If the watermark interferes with the legibility of the text on the
page, you can lighten the object you used to create the watermark. For more
information, click .
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Anne Troy
VBA Project Manager
www.OfficeArticles.com