Clear Embossed Text
Using Adobe Photoshop 5.5

Before

After

1) Open Image
Go to File and Open. Find your image and select open.
   
2) Image, Mode, RGB
Go to image, go down to mode, and then down to RGB Color
   
3) Make Background a Layer
Double click on the Background layer and rename it to Layer 0. If the layers palette is not showing go to Windows , Show Layers.
   
4) Insert Text
Insert text into the file using the text tool.

 
   
5) Select Text Layer
Select the layer that has the text you typed in
   

6) Actions Palette
Make sure that the Actions Palette is showing. If not go to Window, Show Actions. Then select Clear Emboss and select the play button.