In my experience, it must divide evenly into 10, so 3 wouldn't be the best choice (I recommend 2, 5, 10 - anything higher is too fast - 1 is too slow), but most browsers will average out the results, and the script resets each new image to 10 again before fading it in.
There is another place where you can adjust the rate of fading in:
Code:
fadeclear[this.slideshowid]=setInterval("fadepic(fadearray["+this.slideshowid+"])",50)
The number 50 there. The higher that number, the slower things will go. 70 is pretty slow, any higher than that and the effect will be choppy. 20 is the lowest number you can safely use.
I generally advise folks to adjust both the number you identified and this other one to get the optimal speed and smoothness for the rate of fading they want.
One thing to be careful of though, if the rate of fading takes longer than the delay between images, things can get to a point where no image ever gets the chance to fade all of the way in.
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