On Tue, Dec 07 2010, Jaroslav Hajtmar wrote:

> For some reason I need to use \placefigure environment in such a way
> that no space
> are before and after this environment  (eg space for image caption
> under image).

\setupfloats[spacebefore=none, spaceafter=none]
\input knuth
\placefigure[here, none]{}{\externalfigure[cow]}
\input tufte


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