Good thinking Exhydra, but the reason it isn't quite working is that you have it all inside a loop and you aren't updating Graphics.
It would be easy to fix, but in this case I think an eventing solution is better. Despite its name, Move Picture actually works for Zoom and opacity as well, so all you really need to do, Arrow, is:
@>Show Picture: 2, '0_sub_1', Center (316, 217), (100%, 100%), 255, Normal
@>Show Picture: 3, '0_sub_1', Center (316, 217), (100%, 100%), 255, Normal
@>Move Picture: 2, '0_sub_1', Center (316, 217), (135%, 135%), 0, Normal, @10, Wait
@>Erase Picture: 2
It is a nice effect though!