That's nicely done Hammer.
She says the client doesn't like the strobe like quality of the fades where the seem jerky rather than the smooth fade that some other flash animations have... or so I have been told, it's all greek to me... do you know if 'pre loading' of some sort might affect the smoothness of the effect?
Guess they might be looking for something more like this:
http://www.dwuser.com/flashslideshow/v3/samples.php