What code do you mean by 'the code?'
If you mean your basic google analytics code, then it doesn't matter where you put it as long as google picks it up. My instructions including putting it where Google originally recommended, just before the /header. Now Google recommends putting the code just before the /body.
Here's the link and pertinent text from Google's website:
http://adwords.google.com/support/bi...er=27323&hl=en
The code contained in the text box on the Tracking Status page must be copied and pasted into all of the web pages you will be tracking. It should be added immediately before the </body> tag, and can be added by hand or through the use of templates or includes, if available.