Using PSE 5.0, I started out with a 7 x 5 transparent canvas, dragged my photo onto it, and resized & placed it exactly where I wanted it.

In the Special Effects box, I chose "photo effects," and its "image effects," then applied "tint sepia" to my layer...

And I applied "old photo."

I then had 3 layers ~ the original, the "sepia," and the "old photo." First, I made sure that the "old photo" layer was chosen, and I reduced its opacity to 40%...

Then I selected the "sepia" layer, and reduced its opacity to 30%.

Next, I merged all three layers together, and applied "soft flat color."

I merged those two layers (a new one had once again been created automatically), again applied "tint sepia," and reduced its opacity to 50%. Once again, I merged the layers, and applied "color fade horizontal." A new layer was created for the fade, and I reduced its opacity to 50%...

I merged those layers, then duplicated the layer. In the Special Effects box, I chose "layer styles," and its "image effects," and applied "circular vignette" to the top layer, then reduced its opacity to 50%...

I again merged the layers, and duplicated the layer. I applied "sun faded photo" to the top layer, and reduced its opacity to 30%.
Of course, all of the percentages that I listed may vary for other photos, depending on the photo's brightness and what look you ultimately want to achieve. Just play and discover!
