Easy way: Project -> Components -> Microsoft Internet Controls. Put a WebBrowser control on your form and use 'WebBrowser1.Navigate2 "C:\MyAnimation.gif"' to view it...

Better way: Find a freeware GIF control which'll display the animation. (http://www.download.com/ ?)

Hard way: Read the GIF file manually and draw each frame... (http://www.planetsourcecode.com/vb/)