\documentclass[12pt]{article}
\usepackage[latin1]{inputenc} 
\usepackage[T1]{fontenc} 
\usepackage{wrapfig}
\usepackage{graphicx}
\usepackage{blindtext}
% begin nur für demo
\renewcommand\includegraphics[2][]{\rule{1cm}{2cm}}% Demo
\textheight=10.5cm
% ende nur für demo 
\usepackage[ngerman]{babel} 
\intextsep=0cm
\begin{document}

\blindtext[2]

\begin{wrapfigure}{l}{2cm} 
	\centering
	\includegraphics[options]{filename}
\end{wrapfigure}\blindtext

\begin{wrapfigure}{r}{2cm} 
	\centering
	\includegraphics[options]{filename}
\end{wrapfigure}\blindtext

blindtext
\end{document} 