Hi Everyone..

I am new to Flash and web design all together. Unfortunately I can not add to the forum as the site is not up.
However - what I am doing is the following:
I am importing 3 images onto the Stage in Flash
I am placing them at the bottom of the stage
image2 image3 I click on the 1st image - click on Insert - Click on Transform/Transition and Select Transition
(at this point I am able to select Fade or Wipe / or apply both options)
I repeat this for image 2 & 3 I hope this makes sense. Please let me know if I should clarify.Thank you.

There's flash tools that can do this very easy. I suggest the other flash tools if you just want to do a slide show or simple transition. It may give you a better understanding of what is going on before you tackle bigger projects.

Try here: http://www.amarasoftware.com/