You want to convert that picture into a psd with seperate layers and effects ?
It's not possible to convert a bitmap image into a layerd psd with all the effects.
Or do you already have it as a psd and are looking to keep the layer effects attached to the specific layers ?
If you already have the psd, or are going to make it from scratch you can use the layer styles button to add specific styles to each layer which you can then edit at any time (the styles themselves become layers), as seen in this picture. The button is on the bottom left side of the Layers window.
Ep, glad to see you come back and tidy up...did want to ask a one day favor, I want to enhance my resume , was hoping you could make me administrator for a day, if so, take me right off since I won't be here to do anything, and don't know the slightest about the board, but it would be nice putting "served administrator osnn", if can do, THANKS