I placed an image in front of some text, but the text lines up to the right of the image, which is good, but it appears towards the bottom of the image.

Is there a way to have the text line up more towards the center of the image?

Here's an example of what I'm talking about.
If the image is: l
and the text is: _
it currently lines up like this l _

I'd like it to line up like this: l -

Here's the code I'm using now:
<font size="4" color="#800000" face="Arial"><img src="/images/image1.jpg" border="0" />Text</font>
Any help would be appreciated.