IE error upon 2 jQuery plugins on single page.. please help!!

IE error upon 2 jQuery plugins on single page.. please help!!

Hello,
I'm trying to use Nivo's banner slider plugin ( http://nivo.dev7studios.com/) and Kwick's plugin for sliding door navbar menu ( http://www.kriesi.at/wp-content/extra_data/kwicks_tutorial/kwicks_final.html) on single page. However, everything seems to work perfect in Firefox and chrome but IE throws an error. 
I'm new to jQuery. I also tried using noconflict() method but i think i'm not doing it rite. 
I'm attaching my page with both the libraries implemented in it. Please have a look in to it.

Somebody please help.