Open your shot in elements. On the right side I have "Styles and Effects" opened. The left menu is set to "Effects" the right menu is set to "Frames"
For larger pics, click on them, then click the "O" for a 1024 x 640 shot
On the left side, I have the "selection Tool" clicked on. In the upper middle of the page, you'll see "Mode" Fixed Aspect Ratio. I know that when I saved this shot, I saved it as a 6x4. If you click on "Fixed Aspect Ratio" you can change that to Normal, or Fixed Size. Anyway, I start in the upper corner (where the dotted line corner is) hold the button down and drag it to the lower right. The inside of that box is now Selected.
The part that is selected, is the part that we want to leave alone though out this tutorial. So, go to the top, click "Select", go down and click "Inverse".
Note that you now have 2 dotted lines, one on the outer most part of your photo, and one where you drew in the box.
Now we want to blur the selected part, so , click filter, then click blur, then click Gaussian blur. For this shot, I set the radius to 4.0.
Now we have our blurred portion. Now in the "Styles" area, click and drag "Recessed Frame" onto your shot. This will give you that inner frame, it also creates a new layer as you can see in the layers area.
Now you add your name, title, whatever you want by using the text tool. You will have many options on this one, color, size, font, bold, underline, and so on. So rather than showing you all of that, you get to just try it out.
And your finished shot will have a frame.