Hello again,

> \externalfigure[example][width=5cm]
> some text, jpeg-figure is shifted down and to the left.

I don't see that it is shifted to the left, but slightly down (I
wonder where this is aligned?). And \externalfigure eats up the
whitespace after "5cm]". This is sligthly confusing.

This is pdfeTeXk, Version 3.141592-1.11a-2.1 (Web2C 7.5.2)
ConTeXt  ver: 2004.4.9  fmt: 2004.4.16  int: english  mes: english

I'll attach a screenshot.