Bryce Howitson created a cool XML slideshow tutorial for flashTuts+ and explains the advantages and simplicity to load data via xml files, also the images resize automatically, Bryce explains how to do that using GreenSock Tween Max animation library.

In this tutorial by FlashGameDesign you will be taken into the steps of creating a image slideshow with a circular effect for the image transition. Actionscript will not be used in this tutorial, everything will be defined in the timeline, and using masks on layers.