Cycle plugin - image issues in IE

Cycle plugin - image issues in IE

 Hi,

I've noticed some issues with the images I am using with the cycle plugin in Internet Explorer. Images that contain black coloured areas develop holes in those areas when any cycle plugin transitions are applied. The images are JPGs. 

This is a js related issues as the images appear fine when js is turned off or when they are downloaded and viewed.

This behaviour can be observed here: http://www.uvic.ca on the 2nd and 4th images. (Only on IE. I am seeing them on IE 8).

Any help would be appreciated. Thanks!