Create smart menu buttons

What I want to achieve is to create six menu buttons that fade out once I hit on button. Let’s say I have

home, news, about, work, contact, guestbook

Hit news and all other buttons fade 90%, then. When I move the mouse over the other again they appear with the link color. Let’s say red.

I was thinking to create six different buttons (mc1, mc2…) and tell target them. But I was hoping someone else may be have done similar stuff and can share action-scripts on this.