this should work, had to try a while too.. :D
function showHide(shID) {_x000D_
if (document.getElementById(shID)) {_x000D_
if (document.getElementById(shID + '-show').style.display != 'none') {_x000D_
document.getElementById(shID + '-show').style.display = 'none';_x000D_
document.getElementById(shID + '-hide').style.display = 'inline';_x000D_
document.getElementById(shID).style.height = '100px';_x000D_
} else {_x000D_
document.getElementById(shID + '-show').style.display = 'inline';_x000D_
document.getElementById(shID + '-hide').style.display = 'none';_x000D_
document.getElementById(shID).style.height = '0px';_x000D_
}_x000D_
}_x000D_
}
_x000D_
#example {_x000D_
background: red;_x000D_
height: 0px;_x000D_
overflow: hidden;_x000D_
transition: height 2s;_x000D_
-moz-transition: height 2s;_x000D_
/* Firefox 4 */_x000D_
-webkit-transition: height 2s;_x000D_
/* Safari and Chrome */_x000D_
-o-transition: height 2s;_x000D_
/* Opera */_x000D_
}_x000D_
_x000D_
a.showLink,_x000D_
a.hideLink {_x000D_
text-decoration: none;_x000D_
background: transparent url('down.gif') no-repeat left;_x000D_
}_x000D_
_x000D_
a.hideLink {_x000D_
background: transparent url('up.gif') no-repeat left;_x000D_
}
_x000D_
Here is some text._x000D_
<div class="readmore">_x000D_
<a href="#" id="example-show" class="showLink" onclick="showHide('example');return false;">Read more</a>_x000D_
<div id="example" class="more">_x000D_
<div class="text">_x000D_
Here is some more text: Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vestibulum vitae urna nulla. Vivamus a purus mi. In hac habitasse platea dictumst. In ac tempor quam. Vestibulum eleifend vehicula ligula, et cursus nisl gravida sit amet._x000D_
Pellentesque habitant morbi tristique senectus et netus et malesuada fames ac turpis egestas._x000D_
</div>_x000D_
<p>_x000D_
<a href="#" id="example-hide" class="hideLink" onclick="showHide('example');return false;">Hide</a>_x000D_
</p>_x000D_
</div>_x000D_
</div>
_x000D_