1) Open a new document. ChooseThe foreground and background colors and fill the layer with any color.

2) Then select the type tool and type your text.

3) Add a new layer by clicking the new layer button ( ) Rename the layer to Line.

4) Select the rectangular marquee and make a selection with 1px height. Fill with any color.

5) Save the document and click on jump to Imageready icon in the tool box.

6) Go to the Animation Pallet and click on the New roll over state icon.

     This should create what looks like a duplicate of the original image.

7) Click on the second frame and reposition the text layer and line layer as shown.

(Select the text layer in the layers palette. Choose the move tool and and press down key 10 times. Then select the line layer and press up key 10 times.)

8) Click on the arrow button in the animation palette and select Tween from the list.

Make selection as in fig.

This should create 4 more frames.

9) Now tween again.(Click on the arrow button in the animation palette and select Tween from the list.)

This time select tween with first frame.

10) You can test the file by clicking the play button, forward or back buttons. If you want to rotate only once click on the down arrow key (near to forever in the fig) and select once.

Also you can change the time delay between each frame by clicking the down arrow key near to 0 in the fig.

11) Once you are satisfied, save file as Gif.