This question was originally posted and responded to on the archives forums. You can see that post here: http://tinyurl.com/29z68x

I'm copying that response here:

This isn't really specific to the XamCarouselPanel but basically you need to
use a Hyperlink.

e.g.
<Window x:Class="Test"
    xmlns="http://schemas.microsoft.com/winfx/2006/xaml/presentation"
    xmlns:x="http://schemas.microsoft.com/winfx/2006/xaml"
  xmlns:igWindows="http://infragistics.com/Windows"
  xmlns:igEditors="http://infragistics.com/Editors"
  xmlns:igDP="http://infragistics.com/DataPresetner"
    Title="Test" Height="300" Width="300"
    >
<Grid>
  <igWindows:XamCarouselPanel Hyperlink.RequestNavigate="OnNavigate">
   <TextBlock>
    <Hyperlink NavigateUri="http://es.infragistics.com">
     <Image Source="C:\Documents and Settings\All Users\Documents\My Pictures\Sample Pictures\Sunset.jpg" Width="50" />
    </Hyperlink>
   </TextBlock>
  </igWindows:XamCarouselPanel>
  <x:Code>
  <![CDATA[
    void OnNavigate(object sender, RoutedEventArgs e)
    {
   RequestNavigateEventArgs rn = e as RequestNavigateEventArgs;
   string uri = rn.Uri.ToString();
   System.Diagnostics.Process.Start(uri);
   e.Handled = true;
    }
   ]]>
  </x:Code>

</Grid>
</Window>

Note, I embedded the code to handle the RequestNavigate in the xaml just for
simplicity in this example. You would normally have this in the code behind
file - or it might not be necessary to handle the event if you're using this
in an xbap, etc.