When you attach an image to a node in Drupal, it becomes a node of it’s own. If you wanted to path to that image, you would have to dig through three tables to find it. Here’s a handy function to do that for you.
You pass it the node id of the node the image is attached to, and the size you want. It returns a string file path that you can use in your HTML IMG tag.
function lookupImagePath($nid, $size = '_original') {
$sql = 'SELECT f.filepath ';
$sql .= 'FROM image_attach a, image i, files f ';
$sql .= 'WHERE a.iid = i.nid ';
$sql .= 'AND i.fid = f.fid ';
$sql .= 'AND a.nid = ' . $nid . ' ';
$sql .= 'AND i.image_size = "' . $size . '" ';
$res = db_query($sql);
$filepath = db_result($res);
$filepath = htmlentities($filepath);
return $filepath;
} // end lookupImagePath