Re: 4.01 validation inconsistency re: <p> in HTML 4.01

* Newman, Chuck wrote:
>    <p>
>      <a href="http://validator.w3.org/check/referer"><img border="0"
>          src="http://www.w3.org/Icons/valid-html401"
>          alt="Valid HTML 4.01!" height="31" width="88"></a>
>    </p>
>
>I did so, and then the page would no longer validate -- it complained
>about the <p> directive.
>
>Removing the <p> and </p> resulted in a page that validates.

HTML has rules where which element may be used, where did you insert it?