HTML image Question

I got some great advice last time I asked an obscure HTML question before (thanks for <nobr>!), so here goes another:

I want a line of text and images underlined. If I use <u> </u>, it underlines the text, but not the images (with IE, haven’t tried other browsers.) If I put an underline in the actual image, then the image’s underline is a couple of pixels higher than the text. So, is there a way to underline images? Or, is there a way to adjust the alignment of images and text so the last row of pixels in the image is at the same level as the underscore?

Thanks!