One of the improvements in OneNote 2003 SP1 is the addition of background graphics which appear on a separate layer of the note page and which are stable and won’t move.
To create a graphic as a background, insert it onto the page and then right click and choose Set Picture as Background.
To alter the graphic later on, you must promote it back onto the page by right clicking somewhere over the top of it and disable the Set Picture as Background checkbox.
This feature is useful for creating custom stationery and for adding notes over the top of your graphics – the graphic stays more stable and you’re less likely to encounter the situation where your pointers move out of position.