$(function(){
clearInterval(timer);
	var current = $('.imp-news li:first');
	var timer;
	$('.imp-news li:gt(0)').hide();
	$('.imp-news li:last').addClass('last');
	$('.imp-news li:first').addClass('first');
	
	timer=setInterval( function() {
	    current.slideUp("slow");
           //current.hide("slow");
	   // current.fadeOut("slow");
	    if (current.attr('class') == 'last')
		{
                    current= $('.imp-news li:first');
		}else{                                                          
		    current= current.next();
		    }
                    //current.slideDown("slow");
                    current.show();
		    //current.fadeIn("slow");
                }, 4000);      

});