// DECLARE VARS
	var i = 1, interval;

	function news_animation() {
	
		if ( i === 4 ) {
			
			i = 1;
		}
		else i++;
		
		if ( i === 1 ) { // IF FIRST ITEM, HIDE LAST AND ANIMATE FIRST

			$('.news-item-4').hide();
			$('.news-item-' + i).fadeIn(800);
		}
		else { // ELSE, HIDE PREVIOUS AND ANIMATE CURRENT

			i_minus_one = i - 1;
			
			$('.news-item-' + i_minus_one).hide();
			$('.news-item-' + i).fadeIn(800);
		}
	}

$(document).ready(function(){
	
	// SET INTERVAL TO ANIMATE IMAGES
	interval = window.setInterval("news_animation()", 5000);

	
});