An image with a 20 pixels margin on top and bottom:

Edit code and click me	Your Result (Some examples do not work in Google Chrome):
<html> <head> <meta http-equiv="Content-Type" content="text/html; charset=utf-8" /> </head> <body> <h4>Image with no vspace</h4> <p><img src="/images/w3html.png" alt="Xhtml.co.il" width="120" height="95" align="middle" />This is some text. This is some text. This is some text.</p> <h4>Image with a vspace</h4> <p><img src="/images/w3html.png" alt="Xhtml.co.il" width="120" height="95" align="middle" vspace="20" />This is some text. This is some text. This is some text.</p> </body> </html>
Edit the code above and click to see the result	www.xhtml.co.il - Try it yourself