Yep, as Glen says; you need to change your editor style to "Standard" or "WYSIWYG" in order to get quick access to the smilies...
If you click "User CP" at the top menu-bar; you'll go to your User Control Panel (funny that!); then on the left there are some more options; click "Edit Options" and scroll to the bottom of the page.
The option looks like this:
The result when you change will be something like this...
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