You can add captions to wrapped images, but they will be automatically put
in a text box, which is a seriously bad idea. A better plan is to leave both
graphic and caption inline and insert both in a frame. Do this by selecting
both graphic and caption and using the Insert Frame button on the Forms
toolbar. You can then wrap text around the frame (in Format Frame, set
wrapping to Around).

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Suzanne S. Barnhill
Microsoft MVP (Word)
Words into Type
Fairhope, Alabama USA
Word MVP FAQ site: http://word.mvps.org
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> If you have a picture inserted so that you have text above it, then the
> picture, then the text below it, you can add a caption which can be linked
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> caption option - I can understand why, but do you just have to manually add
> a text box and TOC reference?