\documentclass[landscape]{slides}
\def\content{
\invisible{Invisible}
\visible{Visible}
\begin{itemize}
\item first
\item second
\item third
\end{itemize}
}
\begin{document}
\begin{slide}
This is the first slide.
\content
\end{slide}
\begin{slide}
This is the second slide.
\content
\end{slide}
\begin{overlay}
This is the first overlay.
\content
\end{overlay}
\begin{overlay}
This is the second overlay.
\content
\end{overlay}
\begin{note}
This is the first note.
\content
\end{note}
\begin{note}
This is the second note.
\content
\end{note}
\end{document}