If you want to be really fancy, then upgrade to LabVIEW 6.1 which supports gifs(or rather the generic gif standard). This includes animated images. What you would need to do is to drop a classic square button in LabVIEW 6.1. The classic buttons have none of the 3d stuff. You then right click on the buttons >> advanced >> customize. This launches the control editor. Edit the control and import the animated gif from file for one state of the boolean button and you can import a static image for the other state. Now you have a boolean that will toggel between a staic image and an animated one. It will be tough to figure it out at first but learning how to customize controls is very rewarding.
You can learn more about the editor by looking at the
shipping doc "LabVIEW Custom Controls. Indicators, and Type definitions" This is found by opening LabVIEW >> help >> search the LabVIEW bookshelf. This launches a pdf of the shipping docs. A link to "LabVIEW Custom Controls. Indicators, and Type definitions" will be found there.
I have attached an example I wrote for LabVIEW 6.1
Jeremy