Here's an image of mine with the "outside, large centre" frame applied:
- Totally rad actions have an awesome free facebook action which you can use for better image appearance when images resolution has to be reduced for upload. You need to like their facebook page to access it.
- Then apply a text frame action to the image, click on the text layer (in layers palette) and add in your custom text. This is a whole collection of actions in here.
- Click on the underlined link text to get the actions, you will need to use the facebook action first as this shrinks the file down to a good size for the frame.
Below I have used the exact same pic with the "inside large centre" frame action: