document.observe("dom:loaded", 
  function() 
  { 
	var arr = $$('#listOfImages li img');
	var current = 0;
	arr.invoke('hide');
	arr[current].appear({ duration: 1.5 });
	new PeriodicalExecuter(function(pe) 
	{
		arr[current].fade({ queue: 'end', duration: 1.5 });
		current += 1;
		if ( current >= arr.length )
		{
			current = 0;
		}
		arr[current].appear({ duration: 1.5 });
	}, 5);
	
  });