Here's a slight variation on the beveled text tutorial. For this tutorial, I will show you how to make an outline of the text, and then add a bevel border. I am assuming that you have a basic understanding of all the PSP tools.
First thing is to lay down some vector text.
For the purposes of following this tutorial, I am working on an image 200x200 pixels in size, Font is Kabel Bold and set to a point size of 150. Once you have placed your text, make a raster selection out of it. Save this selection to the alpha channel. Duplicate the vector text, and then using the vector object selection tool, right click anywhere within the text. Working on the same layer, right click again within the text and set the style to stroked, line style width of 8.