Create HTML newsletter in PS without body text.
Slice this up using Photoshop’s slice tool.
Right click to promote any autocreated (grey) slices to user (blue) slices.
File->Save for web and devices.
Select gif or jpg depending if graphics or photo based (respectively).
Saves images and html file.
Open html file in Dreamweaver, even though it LOOKS ok, if you upload this as is to MailChimp and send it, Gmail.com, Hotmail and many others with break up the table layout. Try it and see! It’s very easy to tweak the HTML code to fix this, click read more to find out how.