The font that I used for this tutorial is called CHERI...Size 72.
CLICK HERE to download font

1. Open a new image in PSP, size 300 x 200

2. Click on your text tool and select your text options.  For this one I used CHERI size 72, with rainbow fill (under the gradient tab).  Set the stroke to 0

3. Click on the canvas with your text tool so the text entry box opens.  Enter your text and click on apply.  Click on OBJECT....ALIGN...CENTER IN CANVAS.  Your text should look like this.

4. Go to your layer palette and right click on the Vector 1 layer.  Click on DUPLICATE

5. Make sure the duplicated text layer is selected in your layer palette.  With your text tool click on the text so you can edit your text options.  Choose color #b53984 for your STROKE and change the stroke width to 3.0.  Make your FILL transparent by clicking on the circle with the line through it.

6. Go to your layer palette and right click on the top text layer.  Click on CONVERT TO RASTER LAYER.

7. Click on EFFECTS...then 3D EFFECTS...then INNER BEVEL.  Use the following settings then click OK.

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