One of the issues some users have experienced after updating Office 2008 with the 12.2.7 updater is the link in the top of a message to download images is missing. You can use one of the following workarounds until Microsoft provides a fix.
Option 1) Resize message window (posted by <EMAIL>
Option 2) Posted by<EMAIL>
Go to Preferences, and click on the “Read” tab under “Mail & News Preferences.”
Under the “Messages” section, check the second check box, and give the time delay a non-zero number. Mine was already set to 5 seconds, so that I can skim through messages without marking them as having been read right away.
For me, the “display images” link appears once that time delay is reached and the message status changes from not read to read.
Option 3) Posted by <EMAIL>
Another way too to solve the problem is to mark the message unread while in the message window. The advantage of this method is that there’s a shortcut, so you don’t need to go with your mouse to the edge of the page and resize and go back to where you wanted your cursor to be. You just press Shift + Command + T, and that’s it.