Font is Havlova-Austral here.
**This tutorial assumes you have working knowledge of PSP**
Paste frame 3 as a new layer/resize 25%/click inside frame with your magicwand/selections/modify/expand by 6.
Paste paper 4 below layer/selections/invert/delete/do not deselect.
Paste ele 8/resize 30%/position/delete/deselect/dropshadow.
Right click on frame layer/merge/merge down to paper layer/dropshadow.
Ele 21/resize 30%
Ele 1/resize 40%/layer/duplicate 1 time
Ele 32/resize 35%/layers/duplicate 1 time
Ele 24/resize 50%
Ele 29/resize 60%
Ele 66/resize 60%/repeat resize
Ele 14/resize 75%
Ele 30/resize 80%
Ele 23/resize 60%
Ele 19/resize 80%
Repeat with ele 35
Ele 62/resize 82%/layers/duplicate 1 time
Ele 10/resize 70%
Image/resize all layers 40%.
Hope you enjoyed my tut :)