Drop shadow +.

I was wondering, does anyone know how to do the text effect on this picture [the part where it's white behind the bigger text, and also has a drop shadow], for PhotoShop? Also, I don't know who made it, so I can't give proper credit, but it's part of a blending challenge at blend_challenge.

I also checked the memories to see if there was anything on it, but I didn't find it. Sorry if I overlooked it though.