I can’t directly reference CS5. I no longer have it available to work in. However…
You can’t do this easily with Live Type.
But you can create a smart object of the type (or rasterize the type) then transform. Converting type to a shape layer would also allow the transformation to work. Really, using a smart object with live type may be best because you can edit the content of the text later if needed.
Just highlight the layer and choose
Edit > Free Transform
Hold down the Command–Option–Shift keys (Mac) or the Ctrl–Alt–Shift keys (Win) and click a handle and drag it…
I created a smart object of a standard type layer so that the free transform was possible.
- Command/Ctrl key = Distort
- Option/Alt key = From Center
- Shift key = Constrain to 90° dragging
In newer versions of Photoshop, you can also utilize the
Perspective Warp feature in the