Here is a video tutorial on how to install views slideshow on our linux box drupalessentials.babson.edu. If you are installing on your local machine the same basic instructions will work if you install drush (there is another video on this site about that), or you can manually download the modules and files to you machine.
After you create the slideshow it's likely you'll be annoyed that above each picture it displays the author and date info for the node. To remove this edit the content type and uncheck "display author and date information"