Rounded Cornered Button

1. File > New.
2. Channel > New Channel.
3. Draw a circle inside the rectangle and fill it with white. (Setting Grid On helps to locate the circle).
4. Copy the circle to the other 3 corners.
5. Use rectangular marquee tool to fill the circle with white. You should see a rounded cornered button filled with white. It's tricky but will polish your skills. Experiment!
6. Channel > Click RGB.
7. Layer > New Layer.
8. Ctrl + Alt + 4 to load the channel #4.
9. Gradient Tool > and apply the color from the point of light source. Gradient is Foreground To Background, and Type is Radial as you will apply the gradient over the rounded object.
10. Select > Modify > Contract to make a button.
11. Gadient. Set the color from darker to lighter ( the opposite of the above step). You should now see a rounded cornered beveled button.
12. Add text.
13. Voila!