When I created this simple 5×7 image box border for a trade show in March of 2010, I never imagined it would be so useful to others. Since originally posting this element, it’s been downloaded over 1,000 times! This template has a clipping mask. Just make sure that the image you want clipped is on the layer directly above the photo mask, then right click the image and choose “Create Clipping Mask” in the menu. You can then crop and reposition the image.
Here’s what it looks like: