Control + Click on your type layer to load the selection. Select > Save Selection >
Name-It-Whatever-You-Wish (Alpha 1 is the default name). Rasterize the type layer.
Switch over to the Channels Palette and click once on the Alpha
Channel. Next, Filter > Gaussian Blur > 2.
Switch to the Layers Pallet. Make sure the Type Layer is active.
Select > Load Selection > Alpha One.
Filter > Render > Lighting Effects. Here you can experiment (play) to your own
heart's content. Recommended is choosing Alpha One from the drop-down menu and check the "White Is High"
box.