The second script you mention would require at least one additional rotating image placed in the foreground in order to be able to use the fade method of the first script that you mention. This would require some minor style gymnastics in addition to a major script rewrite to work. So, I would suggest using the first script 'as is' plus a little style gymnastics:
Code:
<div style="position:relative;">
<div style="position:absolute;"><script type="text/javascript">
new fadeshow(fadeimages2, 140, 225, 0, 3000, 1)
</script></div>
<table style="position:relative;width:140px;height:225px;z-index:100000000;color:white">
<tr>
<td align="center" valign="middle">Hello!</td>
</tr>
</table></div>
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