If you are into text effects, you may want to check this video by George Peirson.
Adding Text around a circle with Photoshop Elements is relatively easy, unless you want the text at the bottom of the circle to be right side up. That requires a few special tricks to get it to work. So follow along and I will show you how to get text around a circle in Photoshop Elements, how to flip the text at the bottom of the circle, and a couple of fun tricks with adding images, gradients, and bevels to shapes.