Watermark Is Deleted When You Save a Page in FrontPage
You may experience one or both of the following symptoms when you use Microsoft Office FrontPage 2003 to edit pages in your portal site:
To resolve this issue, do one of the following (as appropriate to your situation):
C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\60\Template\1033\SPS\default.aspx
C:\Program Files\Common Files\Microsoft Shared\Web Server Extensions\60\Template\1033\Spsmsite\default.aspx
Note This the default installation location of the Default.aspx files for the portal site home page and the My Site home page in SharePoint Portal Server. The path of these files may be different on your server.
Microsoft has confirmed that this is a problem in the Microsoft products that are listed at the beginning of this article.
Microsoft Knowledge Base Article -
823550