수정된 소스 들어갑니다.

<script language="JavaScript1.2" type="text/javascript">
<!--
var slideshow_width='920px' //가로크기
var slideshow_height='180px' //세로크기
var pause=2000 //장면전환시간 (2000=2초)

var fadeimages=new Array()
    fadeimages[0]="../img/1.jpg"
    fadeimages[1]="../img/2.jpg"
    fadeimages[2]="../img/3.jpg"
    fadeimages[3]="../img/4.jpg"

var fadelinks=new Array()
// link
    fadelinks[0]="http://www.daum.net/"
    fadelinks[1]="http://www.naver.com/"
    fadelinks[2]="http://www.paran.com/"
    fadelinks[3]="http://www.empas.com/"
   
var preloadedimages=new Array()
    for (p=0;p<fadeimages.length;p++){
        preloadedimages[p]=new Image()
        preloadedimages[p].src=fadeimages[p]
}

var ie4=document.all
var dom=document.getElementById
//link추가
if (ie4||dom)
    document.write('<div style="position:relative;width:'+slideshow_width+';height:'+slideshow_height+';overflow:hidden"><div  id="canvas0" style="position:absolute;width:'+slideshow_width+';height:'+slideshow_height+';top:0;left:0;filter:alpha(opacity=10);-moz-opacity:10"></div><div id="canvas1" style="position:absolute;width:'+slideshow_width+';height:'+slideshow_height+';top:0;left:0;filter:alpha(opacity=10);-moz-opacity:10;visibility: hidden"></div></div>')
    else
        document.write('<a href="javascript_:rotatelink()"><img name="defaultslide" src="'+fadeimages[0]+'" border=0></a>')

var curpos=10
var degree=10
var curcanvas="canvas0"
var curimageindex=linkindex=0 //link
var nextimageindex=1


function fadepic(){
    if (curpos<100){
        curpos+=10
    if (tempobj.filters)
        tempobj.filters.alpha.opacity=curpos
    else if (tempobj.style.MozOpacity)
        tempobj.style.MozOpacity=curpos/101
    }
    //link
    else{
        clearInterval(dropslide)
        nextcanvas=(curcanvas=="canvas0")? "canvas0" : "canvas1"
        tempobj=ie4? eval("document.all."+nextcanvas) : document.getElementById(nextcanvas)
        tempobj.innerHTML='<a href="'+fadelinks[curimageindex]+'"><img src="'+fadeimages[nextimageindex]+'"></a>'
        nextimageindex=(nextimageindex<fadeimages.length-1)? nextimageindex+1 : 0
        var tempobj2=ie4? eval("document.all."+nextcanvas) : document.getElementById(nextcanvas)
        tempobj2.style.visibility="hidden"
        setTimeout("rotateimage()",pause)
    }
}

function rotateimage(){
    if (ie4||dom){
        resetit(curcanvas)
    var crossobj=tempobj=ie4? eval("document.all."+curcanvas) : document.getElementById(curcanvas)
        crossobj.style.zIndex++
        tempobj.style.visibility="visible"
    var temp='setInterval("fadepic()",50)'
        dropslide=eval(temp)
        curcanvas=(curcanvas=="canvas0")? "canvas1" : "canvas0"
    }
    else
        document.images.defaultslide.src=fadeimages[curimageindex]
        linkindex=curimageindex//link
        curimageindex=(curimageindex<fadeimages.length-1)? curimageindex+1 : 0
}
//link
function rotatelink(){
    if (fadelinks[linkindex]!="")
        window.location=fadelinks[linkindex]
}

function resetit(what){
    curpos=10
    var crossobj=ie4? eval("document.all."+what) : document.getElementById(what)
    if (crossobj.filters)
        crossobj.filters.alpha.opacity=curpos
    else if (crossobj.style.MozOpacity)
        crossobj.style.MozOpacity=curpos/101
}

//link
function startit(){
    var crossobj=ie4? eval("document.all."+curcanvas) : document.getElementById(curcanvas)
        crossobj.innerHTML='<a href="'+fadelinks[curimageindex]+'" target="_blank"><img src="'+fadeimages[curimageindex]+'" border=0></a>'
        rotateimage()
}

if (ie4||dom)
    window.onload=startit
    else
        setInterval("rotateimage()",pause)

//-->
</script>

아네 그렇네요^^