One thing I noticed right away is that you have the code <img src="[IMAGE1_URL]" height....> where you should not place the [IMAGE1_URL] or any other autiva tag into this position. It should be like your later example where like <td>[IMAGE1_URL]</td>
I STAND CORRECTED- YOU HAVE USED THE PROPER CODE!
We have reproduced the error and will work to correct it.