first you take the image you want to use
then you put it in PS and move it in the frames you want and save it like this in .gif format
(that is the long and involved part each save is ONE frame keep that in mind the smoother you want it the more you need.)
then open Imageready
goto file>import>files as frames
then goto the animation bar and set up the timing
this is the finished product
Also when you save it, use saved optimized as