For 250 great looking and professional filters, get Filter Factory Gallery and Andrews Filters
Here is a list of Actions to be downloaded. Remember, these were done with simple text and very quickly. Better results if you take the time to play with them and use better images! I am no expert, the actions do work.
There are 11 different effects, from Carved text to "puffy" looking text
These include basic effects, like Drop Shadow
Adds a small bubble effect
My favorite
Cracked look
Like you dropped the image, and it broke
~Download all the actions~ (total of 50 files, zipped 57KB)
Dallas C Anderson
Updated, Tuesday, December 23, 1997