IE7 "pushing down" graphics...

http://www.tzpikes.com/dark_shine/recruitment/recruitment.php

In Firefox, this page loads fine, but in IE7, the top two graphics are "pushed down" (for lack of better words). I have no idea what the problem could be, but here is the offending CSS code:

#adspace {
height: 67px;
background: #86221B url(graphics/ad.gif) repeat-x;
border-top: 1px solid #CA807C;
border-left: 1px solid #A5514B;
border-right: 1px solid #5B1D1B;
border-bottom: 1px solid #3E1B19;
font: normal 10px/100px verdana, arial, sans-serif;
text-align: center;
color: #fff;
cursor: default;
overflow: hidden;
}


And what's in the page:


<div id="adspace"><img style="width: 730px; height: 70px;" alt="" src="../graphics/logo.jpg" />
ad space
</div>


I didn't write this CSS myself, I used a template because I'm new to CSS and trying to learn. Thanks in advance for the help!!

Hello chase,
This works:

#adspace {
height: 67px;
background: #86221B url(graphics/ad.gif) repeat-x;
border-top: 1px solid #CA807C;
border-left: 1px solid #A5514B;
border-right: 1px solid #5B1D1B;
border-bottom: 1px solid #3E1B19;
}
#underlogo {
BORDER-RIGHT: #5b1d1b 1px solid; BORDER-TOP: #ca807c 1px solid; BACKGROUND: url(graphics/ad.gif) #86221b repeat-x; FONT: 10px/100px verdana, arial, sans-serif; OVERFLOW: hidden; BORDER-LEFT: #a5514b 1px solid; CURSOR: default; COLOR: #fff; BORDER-BOTTOM: #3e1b19 1px solid; HEIGHT: 133px; TEXT-ALIGN: center
}
#brounderlogo {
BORDER-RIGHT: #5b1d1b 1px solid;
BORDER-TOP: #ca807c 1px solid;
BORDER-LEFT: #a5514b 1px solid;
BORDER-BOTTOM: #3e1b19 1px solid;
background: #86221B url(graphics/ad.gif) repeat-x;
HEIGHT: 55px;
}

I haven't figured out why for sure. Your just putting too much stuff in those divs - do they really need the ad.gif?

Excavator,
Thank you for the help! It worked perfectly! Like I said, I used a template that someone else created and hacked it together to make it work for my site. This is my first attempt with CSS, so hopefully in a month or two I'll get a better hang of it and start from scratch.

Thanks again.