I'm not on my Win 7 system right now but Vista Ultimate has it, (Start > All Programs > Accessories > Windows Extras).
It will do all you need, and it's free.
There's a similar discussion about this in the Digital photography and design forum here;
http://forums.cnet.com/5208-7809_102-0.html?messageID=3321914#3321914
Does that fit your needs?
Mark
Hi
My old slide show production software, Photoshow, is not WIN7 compatible. I am looking for a newer, easy to use software that includes transitions, titling, allows video, allows insertion of original music and provides for DVD burning. I have stumbled upon Ashampoo Photo Commander 8.2. Would this software meet my requirements? I am no computer novice, but I am not interested in a high-end video software for my vacation slide shows.
Recommendations?

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