Creating embossed text with Photoshop

I'm working on a small project for a friend and I was asked to imitate this font on photoshop. Even though I have had some graphic designing background and had taken adobe illustrator course in university, I can't manage to figure this one out. I tried using shadowing and the grading tools but I can't make it look like this font. Does anyone have any background in photoshop to know how this effect can be achieved? I have worked on this for hours and can use some pointers... Help?

Are you trying to replicate the whole effect including the embossing and shadow or just the font outline?

http://www.acky.net/tutorials/photoshop/emboss/

Dude thanks for the site! IT WORKS!!! many many thanks, thank you thank you thank you thank you!