Show/hide as the effect Trigger
<?xml version="1.0" encoding="utf-8"?>
<mx:Application xmlns:mx="http://www.adobe.com/2006/mxml" layout="absolute" backgroundColor="#eeeeee">
<mx:Image id="myImage" source="logo.jpg" x="150" y="100" showEffect="Fade" hideEffect="Fade"/>
<mx:Button x="150" y="375" label="Show Image" click="myImage.visible=true"/>
<mx:Button x="374" y="375" label="Hide Image" click="myImage.visible=false"/>
</mx:Application>
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