Thank you for your response. I see that in header.php but I'm not sure how to remove or replace it without breaking the theme. Here's the code for header.php. I bolded where I see the code for 'home':
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd">
<html xmlns="http://www.w3.org/1999/xhtml">
<head profile="http://gmpg.org/xfn/11">
<meta http-equiv="Content-Type" content="<?php bloginfo('html_type'); ?>; charset=<?php bloginfo('charset'); ?>" />
<title><?php wp_title(''); ?><?php if(wp_title('', false)) { echo ' |'; } ?> <?php bloginfo('name'); ?></title>
<meta name="generator" content="WordPress <?php bloginfo('version'); ?>" /> <!-- leave this for stats -->
<link rel="stylesheet" href="<?php bloginfo('stylesheet_url'); ?>" type="text/css" media="screen" />
<link rel="alternate" type="application/rss+xml" title="<?php bloginfo('name'); ?> RSS Feed" href="<?php bloginfo('rss2_url'); ?>" />
<link rel="pingback" href="<?php bloginfo('pingback_url'); ?>" />
<link rel="Shortcut Icon" href="<?php bloginfo('template_url'); ?>/images/favicon.ico" type="image/x-icon" />
<!--we need this for plugins-->
<?php wp_head();
?>
</head>
<body>
<div id="container">
<!--<div align="center"><img src="<?php bloginfo('template_url'); ?>/images/leadad.jpg" alt="Ad" border="0" /></div>-->
<div id="header">
<div id="headerleft">
<h1>/"><?php bloginfo('name'); ?></h1>
<h2><?php bloginfo('description'); ?></h2>
</div>
</div>
<div id="menu">
<li class="emphasis">">Home
<?php wp_list_pages('title_li=&depth=1'); ?>
</div>
<!--header.php end-->