$('.login').toggle(
function(){
$('#panel').animate({
height: "150",
padding:"20px 0",
backgroundColor:'#000000',
opacity:.8
}, 500);
$('#otherdiv').animate({
//otherdiv properties here
}, 500);
},
function(){
$('#panel').animate({
height: "0",
padding:"0px 0",
opacity:.2
}, 500);
$('#otherdiv').animate({
//otherdiv properties here
}, 500);
});