Photoshop 6

I have been playing around, trying to learn some of the new features in Photoshop 6, and I ended up with this speaker. 
Most of the effects in this tutorial are made from different Layer Styles.

Figure 1

Start with opening a new image, 250  x 250 pixels, white background.

Create a new layer and call it "circle".
Select the Elliptical Marquee Tool and create a circle about the size in fig. 1 (Press down the shift-key while dragging the selection to make a perfect circle). 
Fill the selection with black.
Now use the Elliptical Marquee Tool to create a new circle a bit smaller than the first one. Be sure it's placed in the center of the first circle and hit the Delete key.

On the "circle" layer apply these Layer Styles:
 
Fig. 2 & 3

Figure 4

Figure 5

Create a new layer below the circle layer. 
I called this layer circle 2 (Yeah - I know - really original :o)

With the Elliptical Marquee Tool create a new circle a few pixels bigger than the first circle.
Select a dark brown as your foreground color (#1A1A1A) and a lighter brown as background color (#4D4D4D).
Select the Linear Gradient Tool and fill your selection going from the top to the bottom of your selection. Deselect.

On the "circle 2" layer apply these Layer Styles:

Fig. 6 & 7

Your image should now look like fig. 5.