This is my own tutorial and any similarity to others is coincidental.
I have learned from other tutorial writers and now write my own of what I have learned.
Image...New....300x100 transparent......flood fill with color of your choice
New Raster Layer
Go to Text...Stroked ..unchecked
Styles...White...Font size 72
Selection checked...
Using upper case lettering type in P.S.P.you will have a transparent image...do not diselect....make a new layer...go to Effects .....cutout..Vertical - 4
Horizontal 6...color ..Opacity61..Blur 3.8..Color Black...do not diselect..make a new layer...Effects...DropShadow..
Color # c0c0c0...Vertical..4...
Horizontal 6...Opacity 71..Blur 3.8
Diselect