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Actions automate a task that involves many steps.
An action is a "recording" of the steps.
Rather than doing all of the steps manually, you "play" the action.
Actions are created only in Photoshop, not in Photoshop Elements.
Some actions will work in Photoshop Elements.
Be sure to check whether an action is compatible with the version of Photoshop Elements that you're using.
To check, look for a compatibility page on the website.
Or, download a demo or trial version, and try it out.
Adobe blocked the functionality of many plug-ins and filters in versions after 3.0.
Some people switch to Photoshop Elements 3.0 when they want to use plug-ins and filters that only work with Photoshop Elements 3.0.
The action will probably be located in the Styles and Effects palette (4.0) or the Artworks and Effects palette (5.0), unless the developer has specified another location, such as the bottom of the Filter menu.
Adobe Exchange - Photoshop Search in the Photoshop category by using the term Elements
Hidden Elements Richard Lynch
ShutterFreaks Photoshop Elements Actions
Using Actions to Automate Tasks in Photoshop Trevor Morris
Plug-ins may perform like actions.
Go to Plug-ins, Etc..