Start with a new RGB image. The size doesn't matter. Click on the channels palette. If it's not visible go to Windows > Show Channels. Create a new channel. Click on the marquee tool and draw a rectangle. Fill it in white. Deselect by clicking off the rectangle or CRTL+D.
		Select Filter > Blur > Gaussian Blur and enter 15.
		Select Image > Adjust > Levels and bring the black and white arrows in to the centre. You can see that the image will get rounder. Click OK
		Click on the Layer Pallet and Choose Select > Load Selection and choose Alpha 1 or #1. A marquee will appear in the shape that you have just create in the channels pallet.
		Fill it with you favorite colour.

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