Inreference to above I am usine Producer 4.0
Welcome to the forum.
You have posted in the wrong part of the forum, this is the Gold section
I will start you off with the caption, the second part the picture is similar.
Set the slide time to 120 secs, and drag your image to the slide on the timeline.
Double click the image on the slide timeline to open 'Slide Options'.
Select the 'Captions' tab and in 'Caption Settings' window produce your caption.
Now select the 'Caption Motions' tab, and double click on the Line just below the two pictures at the time you wish to fade the caption to insert a KF (KF2).
Now just after that KF2 double click again to insert another KF (KF3)
Single click between KF1 and KF2 to highlight this section blue.
For KF1 and KF2 set 'Opacity' to 100.
Single click between KF2 and KF3 and set KF3 'Opacity' to 0.
Single click between KF3 and KF and set KF 4 'Opacity' to 0.
The slide will now play and the caption fade out between KF2 and 3 at the times set. If you wish to alter the times the KF's can be dragged right and left along the time.
To do what you require for the image will require similar KF's added.
Hope you understand my explaination, come back if you require further help.