Multiple objects
Represents an object in the text layer of a document. An inline shape can only be a picture, an OLE object, or an ActiveX control. InlineShape objects are treated like characters and are positioned as characters within a line of text. The InlineShape object is a member of the InlineShapes collection. The InlineShapes collection contains all the shapes in a document, range, or selection.
Using the InlineShape Object
Use InlineShapes(index), where index is the index number, to return a single InlineShape object. Inline shapes don't have names. The following example activates the first inline shape in the active document.
ActiveDocument.InlineShapes(1).Activate
Remarks
Shape objects are anchored to a range of text but are free-floating and can be positioned anywhere on the page. You can use the ConvertToInlineShape method and the ConvertToShape method to convert shapes from one type to the other. You can convert only pictures, OLE objects, and ActiveX controls to inline shapes. Use the Type property to return the type of inline shape: picture, linked picture, embedded OLE object, linked OLE object, or ActiveX control.
When you open a document created in an earlier version of Word, pictures are converted to inline shapes.