AniFX

AniFX screenshots

AniFX is a cursor editor for windows with cursor creation, editing, extraction
Effect
AniFX 1.0 : Effect

Alternative downloads

IcoFX
3.3
Create and edit icon and cursor files for Windows and Mac.
AniTuner
2.0
FREE
A free program to easily create, edit and convert personalized animated cursors.
RealWorld Change Cursor
2.0
FREE
It is a small program that allows you to change your Windows mouse cursors.