I learned this from Prof. Rita Botwin, she has written several PS textbooks, this came from Book 3, Photoshop 7 A Hands-on Approach

Open an image, make the background layer 0.
Add a layer mask to layer 0.
Make the mask active.
Apply filter>noise> 130%, gausian, mono.
Apply filter>artistic>sponge 2, 12, 5.
Add a new layer (layer 1) and place below layer 0.
Convert layer 1 to a background layer (layer menu>new>background from layer).
Target layer mask of layer 0 again.
Apply filter>texture>craquelure 15, 6, 9.
Reduce opacity of layer 0.
Adjustments:
To create more subdued color.
Adjust levels input gamma 1.75.
Output black point 75.

Use text tool to create heading address, apply a drop shadow.

Example Image attached. ~DannyR~

hi platscha-
I looked for the author and title of the book at Amazon, but came up without a match for either search phrase. Have you any additional information I might use to search for her work? (ISBN or co-author?). I love books!
Thanks, Debby

There is no ISBN listed in the book.
It is actually a textbook used as a instructional aide to the class.
Her email is rmbotwin@sprintmail.com

I would not recommend buying the book unless you were taking the class.

platscha - thanks for sharing that "recipe" to a lovely stationary look!