$('ID or class of the element containing the fading objects').innerfade(
   { animationtype: Type of animation 'fade' or 'slide' (Default: 'fade'),
      speed: Fadingspeed in milliseconds or keywords (slow, normal or fast)
        (Default: 'normal'),
      timeout: Time between the fades in milliseconds (Default: '2000'),
      type: Type of slideshow: 'sequence' or 'random' (Default: 'sequence'),
      containerheight: Height of the containing element in any   
       css-height-value (Default: 'auto')
      runningclass: CSS-Class which the container get’s applied   
       (Default: 'innerfade')   
    });

<script type="text/javascript">
   $(document).ready( function(){
    $('#news').innerfade({
     animationtype: 'slide',
     speed: 750,
     timeout: 2000,
     type: 'random',
     containerheight: '1em'
    });
    $('#portfolio').innerfade({   
     speed: 'slow',
     timeout: 4000,
     type: 'sequence',
     containerheight: '220px'   
    });
    $('.fade').innerfade({
     speed: 'slow',
     timeout: 1000,
     type: 'sequence',
     containerheight: '1.5em'
    });
   } );
</script>

<ul id="news">
    <li>  <a href="#n1">1 Lorem ipsum dolor</a>  </li>
    <li>  <a href="#n2">2 Sit amet, consectetuer</a>  </li>
    <li>  <a href="#n3">3 Sdipiscing elit,</a>  </li>
    <li>  <a href="#n4">4 sed diam nonummy nibh euismod tincidunt ut</a>  </li>   
</ul>

<ul id="portfolio">
   <li>  <a href="http://medienfreunde.com/deutsch/
            referenzen/kreation/good_guy__bad_guy.html">    
          <img src="images/ggbg.gif" alt="Good Guy bad Guy" />  </a>  </li>
   <li>  <a href="http://medienfreunde.com/deutsch/
            referenzen/kreation/whizzkids.html">
         <img src="images/whizzkids.gif" alt="Whizzkids" />  </a>  </li>
   <li>  <a href="http://medienfreunde.com/deutsch/
            referenzen/printdesign/koenigin_mutter.html">
         <img src="images/km.jpg" alt="K?nigin Mutter" />  </a>  </li>
   <li>  <a href="http://medienfreunde.com/deutsch/
            referenzen/webdesign/rt_reprotechnik_-_hybride_archivierung.html">
        <img src="images/rt_arch.jpg" alt="RT Hybride Archivierung" />  </a>  </li>
   <li>  <a href="http://medienfreunde.com/deutsch/
            referenzen/kommunikation/tuev_sued_gruppe.html">
        <img src="images/tuev.jpg" alt="T?V S?D Gruppe" />  </a>  </li>   
</ul>

<div class="fade">   
    <p>  1 </p>
    <p>  2 </p>
    <p>  3 </p>
    <p>  4 </p>
    <p>  5 </p>
    <p>  6 </p>
    <p>  7 </p>
    <p>  8 </p>
    <p>  9 </p>
    <p>  10 </p>   
</div>
<div class="fade">   
    <p>  A </p>
    <p>  B </p>
    <p>  C </p>
    <p>  D </p>
    <p>  E </p>    
    <p>  F </p>
    <p>  G </p>
    <p>  H </p>
    <p>  I </p>
    <p>  J </p>
    <p>  K </p>
    <p>  L </p>
    <p>  M </p>
    <p>  N </p>
    <p>  O </p>
    <p>  P </p>
    <p>  Q </p>
    <p>  R </p>
    <p>  S </p>
    <p>  T </p>
    <p>  U </p>
    <p>  V </p>
    <p>  W </p>
    <p>  X </p>
    <p>  Y </p>
    <p>  Z </p>   
</div>