/* plugin */
jQuery.fn.dwFadingLinks = function(settings) {
	settings = jQuery.extend({
		color: '#ff8c00',
		duration: 500
	}, settings);
	return this.each(function() {
		var original = $(this).css('color');
		$(this).mouseover(function() { $(this).animate({ color: settings.color },settings.duration); });
		$(this).mouseout(function() { $(this).animate({ color: original },settings.duration); });
	});
};

/* usage */
$(document).ready(function() {
	$('.fade').dwFadingLinks({
		color: '#008000',
		duration: 700
	});
});

http://davidwalsh.name/fading-links-jquery-dwfadinglinks

Fadint links to another color

jquery, links

JavaScript