How to make tweening between two static images/keyframes?

[IndraGameDev]

Hello, After Effects Community! Is there a way to automatically create in-betweens in AE, if I have two or more static images as keyframes? I'm using AE CS5, Windows 7. 

If positive, how could I achieve some tweening? This example above looks primitive, but creating in-betweens by hand is sometimes very tedious. Would be grateful for any tips or advice about ways to simplify the task. 

Thank you for your kind attention, understanding and help! 

[Mylenium]

You can try a morph e.g. using the Reshape effect, but you still need to define the outlines. And of course it will still be limited. So more or less the answer is no.

Mylenium

[IndraGameDev]

Hey Mylenium, Big Thanks for your reply! After posting here, I watched a video on YouTube by animator Olof Storm who uses After Effects for his animations. He mentions some interpolation and time warp (?) effect. Do you know if this is the right direction I should look at? Or the answer is still definitely no? Thank you!