Hello people of Acid Design, her I am going to explain how to simply make a Fade in and Out Animation. First Open the Animations Tab
Windows >> Animation
It should look something like this,
Now you're going to draw something or receive a sprite you want to Fade, or any text. It's all the same procedure.
Im going to use this.
Now that we have our picture we are going to start with it as a Full Picture, So now click this 
,
You will now see that it has made a new Layer on the Animations Bar, now you need to go back to your picture and set the Opacity to 0
Now click again.
Scroll Down!
once more. 
