I'm pretty sure that there's a wrap function. I build my website using Frontpage and did it. Come to think of it, I think I used the tool that lets you put the pic wherever you want and it automatically wrapped the words around it. Browse around my site and see if you can find the page. I'm pretty sure it's the purple car story page. I'd put a direct link but I can't access my site from work.
http://home.comcast.net/~fastbird
Click on "our Trans Am's", then click the purple pearl car, then in the top frame click story. I think that's the page with the wrapped wording. Then just have a look see at the coding and see if that helps.