Basic animation is available for Movies, video capture, text and Images, and sets the rate and angle at which the image moves and rotates. Double-click the Timeline Resource for the editor:
Note that the animation is frame-based, so the timeline has to be playing in order to see the animation. This also means that the animation is dependent on the actual frame number, so that on multiple racks, the look of the image is consistent at a particular frame.
Movies and Video Capture only have rotational animation.