how to install ImageMagick 1.1.5

I was wondering if someone could tell me how to install ImageMagick 1.1.5 .... I went plugin's. Then i hit "install" ... It say's it "installed". However, i have a big " X " instead of the green circle next to ImageMagick 1.1.5.... I try to hit the "configure button" ... It says this.. ..

"ImageMagick is a graphics toolkit that can be used to process images that you upload to Gallery. You must install the ImageMagick binaries on your server, then enter the path to them in the text box below. If you're on a Unix machine, don't forget to make the binaries executable (chmod 755 * in the ImageMagick directory should do it) Directory to ImageMagick/GraphicsMagick binaries:

What should i put in the blank box? Thank you.

------My main reason why i need imagemagick to work is because of what i have attached in the screenshot.... In order to selct opiontion 2 i need a better graphic then GD. ____-----