Pushed In Text

I have a Adobe photoshop 5.o. I am trying to create a pushed in text. Here is what I did.
1. Open a new document with 200by200 and fill it with a color and type a text.
2.Make a new layer. Here , it asks me whether it should be a copy of the original layer ,i clicked yes.
3. I want to save this selection. That is go to select and say saveselection.
I dont see the save selecttion highlighted.Why is this? How do I see the save selection.

Could any body give me tips and step by step guide as to how to do it.
Ramani
ramani081399Asked:
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weedConnect With a Mentor Commented:
Saved selections are saved as an alpha channel in your channels pallet. To RESELECT that selection command-click on that channel and your selection will be back.
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ramani081399Author Commented:
weed,
No, still I dont see it. Could you please give me a step by step procedure to do it. I would just like to know if i am making some mistake.
ramani
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weedCommented:
Create new document
Fill with color
Create new layer (layer 2)
Type text on layer 2
Command-click on layer 2 to make selection
Go to menu "Select->Save selection" Leave dialog at defaults and click ok.
Go to channels pallet.
Command-click on channel (not layer) Alpha 1
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