Took me awhile to understand what you were saying. Anyhow, here is what I did just to sum things up:
1. Copied one paper selection using the magic wand tool
2. Put "Paste into a new layer"
3. Selected appropriate layer
4. Cut out 1/5 of the paper using the selection tool
5. Went to Effects-Object- Drop Shadow for each seperate layer.
This is what I came up with. It looks awesome!! Thank you so much Ego =)