I m using includegraphics function for image.
Some text before image
\begin{figure}
\includegraphics[width=0.5\linewidth]{ABC.pdf}
\caption{\textcolor{gray}{\footnotesize\textit{Some text}}}
\end{figure}
I obeseve spacing is more between text (Some text before image) and image. How can i reduce it?
\vspacearoundtableandfigureenvironment and How can I inject the proper amount of vertical space between captions and figures? for some highlights on the lengths you might be after setting. In particular,\intextsepcomes to mind. – Werner Apr 10 '13 at 06:27