2)Duplicate the layer and add a radial blur. Filter>Blur>Radial Blur. Use these settings-->
3)Your pic should look like this.-->
4)Jump to imageready. You can do that by clicking this icon on your toolbar-->
5)Hide the blurred layer by clicking the eye button on the left of it in your layers palette-->
6)Go to your animation frame palette and duplicate the frame.
7)Then unhide the blurred layer by clicking on the eye again.Frame 1 should now be your original image and frame 2 should be the blurred layer.-->
8)Now click the tween button in your animation palette.-->
9)Add these settings-->
10)You should now have 5 frames in your animation palette. Click the frame delay times at the bottom of each frame and set each one to 0.1
11)Press play and thats it!-->
DONT FORGET TO GO TO FILE>SAVE OPTIMIZED AS AND IT'LL SAVE IT AS A GIF