What version of ID are you using? What OS?
Your description is a littel vague but it sounds like you've opened the Text Wrap panel flyout menu and all you see is the option to limit wrap on a master page object to other text on the master page. Is the panel itself blank?
If that's the case, see Replace Your Preferences
Double Click on the Word "Text Wrap" to have panel toggle between No Options, Options, and More Options.
Absolutely spot on! Should have mentioned that I am using CS5.5 in Windows, but your answer about replacing preferences was perfect - carefuly and clearly explained - for whatever system. An alternate suggestion (not yours) to toggle on the Text Wrap word had just given me a larger, then a smaller, blank option box.
I am saved! Thanks a million!! Ruth
Should have worked - but all I had was a larger, then a smaller blank option box. A useful technique to know for the future though - Thanks! Ruth