Word can't merge an image from a hyperlink; it needs the actual image path. You can:
• maintain the full paths and image filenames in a field in Excel; or
• insert the path into the mailmerge main document itself, retaining just the image filenames in a field in Excel.


For more information, see Managing Mailmerge Graphics in the Mailmerge Tips & Tricks 'Sticky' thread at the top of this forum: https://www.msofficeforums.com/mail-...ps-tricks.html

__________________
Cheers,
Paul Edstein
[Fmr MS MVP - Word]