Hiya Boyd,
Here's the site I got the script from, hopefully Eric can give you a hand as to how to impliment it as I don't use VSD so I'm unsure how to get all the parts and pieces connected within that program. *bats eyes at Eric and says "pretty please?"*
http://www.givainc.com/labs/marquee_jquery_plugin.htm
Here's exactly what I have in the script to show you how to enter whatever you want in there. I have links, but I haven't really tried images, but I think they work too if they are small enough. Hopefully this gives a little help as to how to setup the lines for each of the list items:
<div class="ticker">
<ul id="marquee1" class="marquee">
<li><b>Welcome to Main Street's home on the web! Here's a few places we'll be playing at in the near future! Check our Schedule & Calendar for more locations!</b></li>
<li><b>May 7, 2011</b> <b>~</b> 8 PM - Midnight <b>~</b> <a href="http://www.silvercryst.com" target="_blank" title="Silvercryst"><b>The Silvercryst</b></a> <b>~</b> SW7015 Highway 21 East, Wautoma WI</li>
<li><b>May 28, 2011</b> <b>~</b> 9 PM - 1 AM <b>~</b> <b>Slugger's Sports Bar</b> <b>~</b> 495 Main St., Wild Rose WI <b>~</b> (920) 622-3664</li>
<li><b>June 5, 2011</b> <b>~</b> Time TBA <b>~</b> <b>Hans</b> <b>~</b> Ora Hula <b>~</b></li>
<li><b>June 24, 2011</b> <b>~</b> 8 PM - Midnight <b>~</b> <a href="http://www.silvercryst.com" target="_blank" title="Silvercryst"><b>The Silvercryst</b></a> <b>~</b> SW7015 Highway 21 East, Wautoma WI</li>
</ul>