The Italic element specifies that the text should be rendered in italic font, where available. Otherwise, alternative mapping is allowed.

Anything between the <I>I elements</I> should be italics.

would render as :

Anything between the I elements should be italics.

<I> can also take the CLASS, ID and STYLE attributes to allow style sheet definitions to be applied to it. For more details of these attributes, see the Style Sheets topic.

<BLINK> Information and Character Formatting Elements Overview <SMALL>