I tested it on IE7 and the error pops 
I thought it might be cause of missing }(jquery) but it is not the case. I couldn’t figure it.
Any insight or help would be appreciated. thank you
EDIT
Thank you for your help. A few more questions:
1) How to make the image smaller than the slider container so that the text would be on right? the caption is at the bottom – still figuring how to make it move to right in full column.
2) There is a problem with image – images are supposed to slide from right then suddenly the last image would have different transition. I also couldn’t figure it out.
Any insight or help on these will be appreciated. Thank you
Line 91:
onStartTransition: function() {},remove the comma.
I think this should fix it.