$('#slideshow-container').cycle({

    speed:  '1200',

    after: onAfter,

    timeout: 1200

  });

});

​

function onAfter(curr, next, opts) {

     var slide;

     slide = opts.currSlide + 1;

     var caption1 = (slide) + ' of ' + opts.slideCount;

     $('#count').html(caption1);

}